305 Central Avenue · London, N6B 2C9
MLS® X14162860
Listing courtesy of Sutton Group - Select Realty INC.·Listing last changed 14 hours ago
Key facts
- Property type
- Multiplex
- Square footage
- 3,500-5,000 sqft
- Lot size
- 40 × 134 ft
- Days on market
- Listed today
- Parking
- 7 spaces
- Property tax
- $11,571/yr (2026)
Description
PRIME INVESTMENT OPPORTUNITY IN THE CORE AREA NEAR VICTORIA PARK.WELL MAINTAINED FIVE-UNIT BUILDING. STRONG INCOME POTENTIAL IN A HIGHLY DESIRABLE AREA. SITUATED MINUTES FROM SHOPPING, DINING, TRANSIT AND EVERYDAY CONVENIENCES. THE PROPERTY HAS SEEN NUMEROUS UPDATES OVER TIME, WITH SOME UPDATES AVAILABLE TO INCREASE RENT. ALL UNITS ARE SEPARATELY METERED. PRESENTLY TWO UNITS RENTED AND THREE VACANT WITH YOU ABLE TO PICK YOUR OWN TENANTS AND SET YOUR RENT. PROPERTY COMES WITH A DOUBLE-CAR GARAGE AND LOTS OF PARKING. THIS PROPERTY WOULD MAKE A GREAT ADDITION TO YOUR PORTFOLIO. CAN BE PURCHASED WITH 307 CENTRAL AVE. WHICH IS A 6-UNIT PROPERTY AND IS RIGHT NEXT DOOR.
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Property details
Interior
- Rooms
- 22 rooms · 5 kitchens
- Bathrooms
- 2 × 4-piece on Main, 2 × 4-piece on Second, 1 × 4-piece on Third
- Basement
- Unfinished
- Heating
- Water
- Cooling
- None
Building & lot
- Type
- Multiplex, 3-Storey
- Exterior
- Brick Veneer
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Water & sewer
- Sewer
Parking
- Garage
- 2 car Detached
- Driveway
- Lane, Private (5 spaces)
Estimated value range
$1.2M to $1.4M
An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.
Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.
Schools nearbyclosest is London Central Secondary School, 320 m
Elementary
- 7.8
Woodfield French Immersion Public School
580 m · Grades JK-8
Thames Valley District School Board
- 8.0
St Georges Public School
810 m · Grades JK-8
Thames Valley District School Board
- 7.1
Jeanne-Sauvé Public School
1.4 km · Grades JK-8
Thames Valley District School Board
Secondary
- 8.0
London Central Secondary School
320 m · Grades 9-12
Thames Valley District School Board
- 5.7
Catholic Central High School
730 m · Grades 9-12
London District Catholic School Board
- 5.3
H B Beal Secondary School
1.1 km · Grades 9-12
Thames Valley District School Board
Distances are straight-line from this address. School boards set their own attendance areas and do not publish them, so a school listed here is not a guarantee of placement. Confirm with the board before you rely on it.
Monthly paymentest. $7,575/mo all in
Monthly payment estimate
Land transfer tax$22,475 on closing
Ontario LTT
$22,475
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed today
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
Sold comparables nearby
Sold50 Irwin Street, London North
Sold292 Central Avenue, London East
See what these 6 homes sold for
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Market conditionsBuyer’s market in London
6.3 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 91.6% of asking.
Avg. sold price
$970,500
Sale-to-list ratio
91.6%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $317,000 household income
Minimum household income required
$317,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization, this home's listed property tax and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Call Colin at (226) 212-5099 or text
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Colin Abbot, Broker
Oak and Key Real Estate Brokerage Inc., Brokerage, 490 Melcrest Road, London, ON N6J 3T1, Phone: (226) 212-5099
Not intended to solicit clients already under contract.
Information herein is deemed reliable but not guaranteed. Listing data is provided by the London and St. Thomas Association of REALTORS® through the MLS® System and is updated multiple times daily. All measurements, square footage, taxes, and property details should be independently verified by buyers and their representatives.
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