Description

Welcome to 177 Central Avenue, an exceptional investment opportunity located in the heart of Downtown London just steps from Victoria Park. This property has been extensively renovated inside and out over the last few years and features four spacious bedrooms and two full bathrooms. The home is currently fully leased to residential tenants on a single lease until April 2027, generating a monthly rental income of $3,468 for an annual total of $41,616. Highly desirable zoning including R3-1, R4-1, OC7, and RO3 allows for a wide range of potential uses such as multi-residential, commercial, or office space, making it ideal for investors looking to maximize future value. Recent annual operating costs for 2025 include property taxes of $5,045.95, London Hydro at $3,158.37, and Enbridge Gas at $1,486.47. The exterior includes one front parking space and a shared driveway with 183 Central Avenue providing access to additional rear parking. This is a rare chance to own a versatile, income-generating asset in one of the most sought after central locations in the city.