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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
905-553-8500info@summitly.ca

©2026 Summitly. All rights reserved. Coldwell Banker Summit Realty, Brokerage — RECO Registration #6018570.

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, 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 trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale On market 87 days

    305 Central Avenue

    ·London East, ON··

    • 7 beds
    London East real estate›X13075688
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    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.

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    AI highlights by Zara
    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    May 28, 2026Previously listedNew$1,299,999 —X13211624View
    May 1, 2026ListedCurrentFor sale$1,299,999 —X13075688This page
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      4
      Heating
      Water
      Air conditioning
      None
      Water source
      Municipal
      Sewer
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 305 Central Avenue
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $6,387
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $936
    0.86% mill rate · ON
    The market

    How this home sits in the London East market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The London East market right now

    Average sold price, days on market, and closed-transaction count for London East — sourced from MLS®.

    • Avg sold price
      $463,887
      Last 30 days
    • Median sold price
      $460,000
      Middle of the market
    • Days on market
      34 d
      Avg from list to close
    • Closed last 30d
      377
      MLS® transactions
    Full London East market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 305 Central Avenue — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at 305 Central Avenue and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is 305 Central Avenue listed for?

      305 Central Avenue is listed at $1,299,999 on the MLS® (listing X13075688). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 305 Central Avenue have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. 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.

  1. 5 baths
  2. 3500-5000 sqft
  3. Multiplex
  4. Asking
    $1,299,999
    $0 / sqft · MLS® X13075688
    Chat Zara
  5. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $797,886
    $734,055Confidence range$861,716
    Asking vs estimate
    ↑↑well-above
    +$502,113
    (+62.9%)
    Asking is well above
    Run the affordability numbers

    Based on the city's average sold price, adjusted for 7 bedrooms (no sqft on file).

    Market analytics

    Homes like this in London East sell in about 34 days — this one has been listed 87 days.

    Avg sold price
    $463,887
    Median sold
    $460,000
    Avg days on market
    34
    Recently sold
    377
    See comparable sales
    Walk through online
    Listing agent has provided a interactive tour
    Open virtual tour
    Prime investment opportunity in the heart of downtown London!
  6. This well-maintained fourplex offers strong income potential in a highly desirable, amenity-rich location.
  7. Situated just minutes from shopping, dining, transit, and everyday conveniences, the property is also ideally positioned near several schools, Western University, and St.
  8. Each unit is carpet-free and thoughtfully maintained, providing clean, low-maintenance living spaces that appeal to quality tenants.
  9. Ask Zara a follow-up
    Sewer
  10. Parking & garage

    4
    Garage
    Detached
    Garage spaces
    2
    Parking spaces
    7
    Driveway
    Available
  11. Interior

    4
    Basement
    Unfinished
    Family room
    Y
    Kitchens
    5
    Total rooms
    22
  12. Exterior & construction

    4
    Exterior
    Brick Veneer
    Roof
    Asphalt Shingle
    Foundation
    Concrete
    Pool
    None
  13. Listing & possession

    3
    Possession
    2026-07-06T00:00:00.000-00:00
    Property style
    2-Storey
    Property class
    Multiplex
  14. Combined estimate
    $7,323
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    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
    Monthly payment$6,387/ month
    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.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    or send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price and real property tax.

    Comparable multiplexs that just sold in London East

    Swipe the closed sales, then use the table for a side-by-side $/sqft comparison against this home.

    • 302 central Avenue
      Sold
      Sign in for price
      302 central Avenue
      Multiplex
    • 720 Dundas Street
      Sold
      Sign in for price
      720 Dundas Street
      Multiplex
    • 894 ADELAIDE Street
      Sold
      Sign in for price
      894 ADELAIDE Street
      Multiplex
    • 1061 Richmond Street
      Sold
      Sign in for price
      1061 Richmond Street
      Multiplex
    • 1267 Dundas Street
      Sold
      Sign in for price
      1267 Dundas Street
      Multiplex
    • 275 William Street
      Sold
      Sign in for price
      275 William Street
      Multiplex
    AddressBd / BaSqftSold$/sqft% of askSold
    305 Central AvenueThis home7 / 535,005,000$1,299,999ask———
    302 central Avenue7 / 6700—
    720 Dundas Street10 / 83,500—
    Sold prices are hidden under TRREB rules. to reveal them.

    More multiplexs in London East

    Active listings within ±20% of this asking price.

    • 434 Dufferin Avenue
      $1,420,000
      434 Dufferin Avenue
      Multiplex 6 6
    • 1803 Park Avenue
      $1,050,000
      1803 Park Avenue
      Multiplex 10 5
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  15. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  16. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  17. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  18. Public listing courtesy of ONE PERCENT REALTY LTD. · displayed on Summitly per MLS® data-share rules

    305 Central Avenue is a 7-bedroom, 5-bath, 3500-5000 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  19. When was 305 Central Avenue built?

    The year built for 305 Central Avenue isn't published in this MLS® feed — ask a Summitly realtor for the construction year from the seller's disclosure.

  20. What is the property tax for 305 Central Avenue?

    The 'Property tax' tab in the History section shows the most recent annual tax for 305 Central Avenue plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  21. How much would the monthly mortgage be on 305 Central Avenue?

    The affordability calculator on this page shows an estimated monthly mortgage for $1,299,999 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  22. Has 305 Central Avenue been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 305 Central Avenue with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  23. What neighbourhood is 305 Central Avenue in?

    305 Central Avenue is in East F, London East. The 'Neighbourhood' section below links to the live London East real estate hub with average sold price, days on market, and current inventory.

  24. Is London East a good place to live?

    London East is one of ON's actively-tracked Summitly markets. The full London East real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.

  25. 894 ADELAIDE Street
    8 / 6
    3,000
    —
    1061 Richmond Street27 / 275,000—
    1267 Dundas Street9 / 93,500—
    275 William Street8 / 22,000—