Gurvinder Nokwal REALTOR®
For Sale Multiplex 170 days on market

$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

Minimum for this price: $105,000 (8.08%)

Amortization, years

Estimated mortgage payment

$5,756 per month

Principal and interest
$5,756
Property tax
$936
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
Total, before legal fees
$282,475
Talk to me about financing

Estimates 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

305 Central Avenue, London East, ON N6B 2C9 East, London, ON N6B 2C9
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$1,299,999 305 Central Avenue, London East, ON N6B 2C9
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