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Century 21 First CanadianCorp., Brokerage

For saleMLS® X14162860

305 Central Avenue

London, N6B 2C9

$1,299,999

Bedrooms
7
Bathrooms
5
Interior
3,500-5,000 ft²
Lot
40 × 134 ft
Type
Multi-unit

About this home

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.

Property details

Property type
Multiplex
Ownership
Freehold
Style
3-Storey
Property taxes
$11,571 (2026)
Heating
Water, Gas
Basement
Unfinished
Fireplace
Yes
Parking
7 spaces, detached garage
Sewer
Sewer
Lot
40 × 134 ft lot
Time on market
Listed today

Features

Inside

  • Separate Hydro Meter

Outside

  • Brick
  • Brick Veneer
  • Asphalt Shingle roof

Location

Thinking about the area? Read my guide to London.

Estimate your payment

20% down. The minimum on this price is $105,000.

Your monthly payment

$5,756

Mortgage amount
$1,039,999
Interest over the amortization
$686,835

An estimate at a fixed rate compounded twice a year, with default insurance under 20% down. Your lender sets the real numbers. I am also a licensed mortgage agent, so I can help with the mortgage too.

Listing brokerage: SUTTON GROUP - SELECT REALTY INC..

Listing courtesy of the London and St. Thomas Association of REALTORS. MLS® X14162860.

Measurements are deemed reliable but not guaranteed.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Listing data provided under copyright by the London and St. Thomas Association of REALTORS and other participating boards via PropTx Amplify Syndication. Information is deemed reliable but not guaranteed accurate.

Allan Congo is a Sales Representative with Century 21 First Canadian Corp., Brokerage. Each office independently owned and operated.

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