Prime investment opportunity in the core area near victoria park.Well maintained five-unit building. Strong income potential in a highly desirable area. Situated minutes from shopping, dining, transit and everyday conveniences. THE Property has seen numerous updates over time, with some updates available to increase rent. ALL Units are separately metered. Presently two units rented and three vacant with you able to pick your own tenants and set your rent. Property comes with a double-car garage and lots of parking. This property would make a great addition to your portfolio. CAN BE Purchased with 307 central ave. Which is a 6-unit property and is right next door.
7 bedrooms, 5 bathrooms, about 3,500 sq ft, works out to roughly $371 per square foot. Chat with Zara if you'd like a deeper read on whether this multiplex fits your budget and timing.
Inside 305 Central Ave
Every detail from the listing, in one place.
Type
Multiplex
Style
3-Storey
Living space
3500-5000 sq ftas stated on the listing
Parking
7 spacesYes garage
Basement
Unfinished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
7
Interior
Basement
Unfinished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
3-Storey
Property class
Multiplex
305 Central Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14162860$1,299,999
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 305 Central Ave Compares to the London Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$6,387
/mo
based on the purchase price of $1,299,999
$260,000 cash
$1,039,999 financed
$875,952 total interest
Principal54%$1,039,999
Interest46%$875,952
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in London
Other 6–9 bed homes for sale in London around $1.3M.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.1%On average, homes sold below asking.
Active listings2,391Homes for sale here right now.
Median vs prior 90 days−1.5%Compared with May 13 – Aug 11, 2026: prices down.
Based on 1,734 sales from Aug 11 – Nov 9, 2026 (1,532 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 305 Central Ave
How much is 305 Central Ave listed for?
305 Central Ave is listed at $1,299,999 (MLS® X14162860). Summitly updates the price as soon as the MLS® record changes.
Is $1,299,999 a good price for 305 Central Ave?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in London. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 305 Central Ave changed?
No — 305 Central Ave is still listed at its original asking price of $1,299,999.
How many bedrooms and bathrooms does 305 Central Ave have?
305 Central Ave has 7 bedrooms and 5 bathrooms, with about 3,500–5,000 square feet of living space. It is a multiplex in London.
How much would the monthly mortgage be on 305 Central Ave?
About $6,387 a month — principal and interest on $1,299,999 with 20% down ($260,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 305 Central Ave compare with other homes in London?
Its asking price of $1,299,999 is about 134% above the median sold price in London over the last 90 days, $556,500, across 1,734 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 305 Central Ave been sold before?
Summitly has no earlier MLS® sale or lease of 305 Central Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 305 Central Ave?
305 Central Ave is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 305 Central Ave been on the market?
305 Central Ave was listed today (November 9, 2026).
What is the price per square foot of 305 Central Ave?
About $260 to $371 per square foot: the asking price of $1,299,999 over the 3,500–5,000 sq ft the listing gives as its size range.
Does 305 Central Ave have parking or a garage?
Yes — the listing gives 7 parking spaces. Garage: Yes.
Does 305 Central Ave have a basement, and is it finished?
The listing describes the basement as: Unfinished.
