Salehian.com 647-325-5000

305 Central Avenue

East F, London East, N6B 2C9

$1,299,999

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Listed 145 days ago · MLS® X13211624

About this home

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.

Details

Type
Investment
Lot
40 × 133.5 ft
Garage
Double Detached
Property tax
$11,232 (2025)
Neighbourhood
East F
Municipality
London East

Heating, cooling and services

Heating
Water Radiators
Utilities
Yes

Building and exterior

Building area
0 Acres

More

Possession
60-89 days
Cross street
Central and Wellington

History of this address

1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 2 grocery stores, 81 cafés and restaurants, 6 parks, 2 pharmacies. Nearest grocery: Your Independent Grocer (700 m). Nearest park: Victoria Park (300 m).

Schools nearby

Elementary

  • Lord Roberts Public School9 min walk
  • St George's Public School Catholic
    EQAO: Gr 6 reading 90%, math 81%    12 min walk
  • Jeanne-Sauvé Public School
    EQAO: Gr 6 reading 97%, math 58%    1.3 km
  • St. Michael Separate School Catholic
    EQAO: Gr 6 reading 94%, math 53%    1.4 km

Secondary

  • London Central Secondary School
    EQAO: Gr 9 math 81%, literacy test 91%    5 min walk
  • Catholic Central High School Catholic
    EQAO: Gr 9 math 57%, literacy test 89%    12 min walk
  • H.B. Beal Secondary School
    EQAO: Gr 9 math 56%, literacy test 79%    17 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N6B

Owners / renters
23% / 77%
Median household income
$49,200
Average age
42
Children under 15
8%
Homes
13% detached, 42% high-rise
Commute by transit
14%
Population
11,101

Languages spoken most at home besides English: Spanish 1.1%, Portuguese 0.8%, Arabic 0.6%, Polish 0.5%.

Safety

Crime Severity Index for London police: 73 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by ONE PERCENT REALTY LTD..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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