Home ›Listings ›London East ›X13211624

305 Central Avenue London East ON

📍 London East, Ontario N6B 2C9

$1,299,999

Active
40×133.5LOT (FT)

📋 Listing Highlights

StatusActive
MLS®X13211624
ListedMay 28, 2026
Days on Market—
Property TypeCommercial
StyleInvestment
Cross StreetCentral and Wellington

📝 Listing Description

Exceptional investment opportunity in the heart of downtown London! This well-maintained 5-plex offers a strong 4.6% cap rate with excellent income potential exceeding $86,000 annually. Pride of ownership is evident throughout, as the property has been meticulously cared for with numerous updates completed over the years, providing peace of mind for investors seeking a low-maintenance addition to their portfolio. The property features on-site tenant parking, a highly desirable amenity in the downtown core, and attracts quality long-term tenants with its unbeatable location. Situated within walking distance to Victoria Park, restaurants, shopping, entertainment, transit, and major downtown amenities. Conveniently close to St. Joseph's Health Care London, Western University, and nearby schools, making it an ideal property for consistent rental demand. A rare multi-family opportunity in one of London's most sought-after rental locations - perfect for both seasoned investors and those looking to expand their real estate portfolio.

🏠 Property Details

Property TypeCommercial
StyleInvestment

📐 Lot & Land

Lot Width40 ft
Lot Depth133.5 ft
Cross StreetCentral and Wellington

🔧 Building & Utilities

HeatingWater Radiators
CoolingNo
GarageDouble Detached

💰 Financial

List Price$1,299,999
Annual Taxes$11,232 (2025)

🧮 Mortgage Calculator

$260,000
Est. Monthly Payment
$6,387/mo
Principal: $1,039,999 · P+I only
Does not include taxes, insurance or CMHC
Listing provided by ONE PERCENT REALTY LTD.Data via PropTx MLS® / TRREB. Information deemed reliable but not guaranteed.MLS® #X13211624 · Last updated: Jul 14, 2026

Information deemed reliable but not guaranteed. © TRREB / PropTx. MLS® is a trademark of CREA. This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate.