$1,299,999
Est. payment $5,756/moCalculate yours
305 Central Avenue, London East, ON N6B 2C9
East, London, ON N6B 2C9
- 7 Beds
- 5 Baths
- 2 Garage
- 3,500 Sq Ft
Listing courtesy of ONE PERCENT REALTY LTD. MLS® X13075688
About this home
Prime investment opportunity in the heart of downtown London! This well-maintained fourplex offers strong income potential in a highly desirable, amenity-rich location. Situated just minutes from shopping, dining, transit, and everyday conveniences, the property is also ideally positioned near several schools, Western University, and St. Joseph’s Health Care London-making it especially attractive to students and professionals alike. Each unit is carpet-free and thoughtfully maintained, providing clean, low-maintenance living spaces that appeal to quality tenants. The property has seen numerous updates over time, ensuring long-term durability and reduced upkeep for the next owner. All units are separately metered, with tenants responsible for their own utilities-helping to maximize net operating income and simplify management. Tenanted with reliable occupants, this turnkey investment delivers immediate cash flow with minimal hassle. Whether you’re expanding your portfolio or entering the multi-residential market, this centrally located fourplex is a smart addition with lasting value.
Property details
Overview
- Property Type
- Multiplex
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Size
- 3,500 sqft
Interior
- Bedrooms
- 7
- Bathrooms
- 5
- Kitchens
- 5
- Basement
- Unfinished
Building & Systems
- Heating
- Water (Gas)
- Cooling
- None
- Exterior
- Brick Veneer
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 40 x 133.5 Feet
- Parking
- Detached garage · 7 total
Financial
- Property Taxes
- $11,232 (2025)
Location
- Neighbourhood
- East
- Cross Street
- CENTRAL AND WATERLOO
- Direction Faces
- North
Listing
- MLS® Number
- X13075688
- Days on Market
- 170
- Listed On
- 2026-05-01
- Listed By
- ONE PERCENT REALTY LTD.
Features
Interior
- Separate Hydro Meter
Pool
- None
Mortgage calculator
Estimated mortgage payment
$5,756 per month
- Principal and interest
- $5,756
- Property tax
- $936
- Condo fees
- $0
- Estimated monthly cost
- $6,692
Your mortgage
- Mortgage amount
- $1,039,999
- Mortgage insurance
- Not needed
- Interest over 25 years
- $686,835
Cash to close
- Down payment
- $260,000
- Land transfer tax
- $22,475
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $282,475
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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