$799,900 - 100 Central Avenue, London East
Multi-Family for Sale in London East
42 days on market- MLS Number
- X13101554
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 42
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- London East
- Lot Size
- 1,451 sqft
- Listing Brokerage
- ROYAL LEPAGE TRILAND PREMIER BROKERAGE
Welcome to the Historic heart of London, Ontario! This executive licensed duplex has had a back to the bricks renovation with outstanding A+ tenants in place. The main floor features a spacious primary bedroom with ensuite bathroom. Highlights include hardwood floors, hard surfaces, stainless steel appliances, and updated fixtures and mechanicals, making this unit truly impressive. The fully finished lower with this unit offers plenty of storage, an additional bedroom, laundry and a full three-piece bathroom, completing the unit. The main floor of the upper unit is the real showstopper, featuring soaring ceilings, a modern open-concept kitchen, a generous bedroom, and a full three-piece bathroom with a glass-enclosed rainforest shower. The third level serves as the primary retreat, showcasing a stylish European design with an open bathroom that includes a standalone tub and glass shower sure to leave a lasting impression! The small yard is ideal for investors due to its low maintenance requirements. The lower unit has access to the back deck, while the upper unit boasts its own private deck off the kitchen. Conveniently located near various amenities, city bike paths, and just steps away from Harris Park and downtown event venues. Both fully self contained units are equipped with their own furnace and AC. Also take note of the unique zoning for alternative future OC use. Note: Photos of the main floor unit are from previous tenants. Rents as Follows: Main $2150. Upper unit $2395.
Estimate your monthly payments for this property
Estimated Payment
$4,103.90/mo
Includes CMHC insurance ($22,317)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover London East
London East is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in London East
- •Convenient location in London East
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
London East offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
100 Central Avenue, London East
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $320/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 42 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to London East. Good resale value as demand remains consistent.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: London East properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,333 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.