Historic Bishop's Palace Condo with River Views

Property details for 3 - 90 Central Avenue, London East

Type: Residential
Bedrooms: 2
Bathrooms: 2
Stories: 3
Basement: None
Parking: Detached Garage, Garage
Heating: Heat Pump, Other
Cooling: Wall unit
Exterior: Wood, Brick
Ownership: Condo/Strata
Annual Taxes: $10,795
Condo Fee: $1,000 / Monthly

Tucked along the Thames in downtown London, this second-floor condo in the former Bishop's Palace puts you steps from Victoria Park and a short walk to Museum London. The building's gated entrance and grand foyer with original curved staircase set the tone before you even reach the unit. Inside, you're looking at 2,100 square feet with 12-foot ceilings and hardwood floors inlaid with mahogany. The kitchen has granite counters, a center island, and a mosaic backsplash, with integrated appliances ready for cooking. Two stone fireplaces (both gas) anchor the great room and primary suite. Along with a 5-piece ensuite, the primary suite has plenty of room. The second bedroom includes a cheater ensuite and its own outdoor sitting area. A flex room with laundry and walk-in closet could easily become a third bedroom. The solarium looks out over the grounds and the river. Common areas include a pool with bar seating and quiet nooks. Parking for three cars in a detached garage. Priced just under $900K, this is a rare chance to own a piece of London's history.

About 3 - 90 Central Avenue, London East — Property Score

Strong Investment

Score: 58/100

Value

Priced 87.9% above area median of $479,000 based on 147 comparable properties nearby 1

Stable pricing - no price changes since original listing date 50

Size

2 bedrooms - 3 fewer than similarly priced 5-bedroom homes nearby 24

2 bathrooms - 1 fewer than similarly priced properties nearby 48

Location

$39K median household income - below the Canadian average of $70K 50

96% of residents hold postsecondary credentials - a highly educated neighbourhood 100

7% homeownership rate - a renter-majority neighbourhood 35

79% of residents commute under 30 minutes - excellent commuter accessibility 93

3,832/km² population density - a well-balanced suburban area 92

Market

Just listed - area average is 33 days on market 100

+4.4% median price change over 1 month - rising prices in the area 72

38.8 months of housing supply - 310 active listings with 8 sold last month (buyer's market) 40

Features

3-car garage - area average is 4.1 spots 80

None basement 30

Heat Pump, Other 60

Wall unit 60

2 fireplaces - a desirable feature for Canadian winters 85

Pool - premium features that add significant value 65

Investment

1.2% effective tax rate ($10,794/yr) - moderate tax burden 64

93% renter population - strong rental demand in this area 100

Quality

Condition

Listing

50 photos provided - 47% more than the area average of 34 photos 92

5 of 7 key property details provided (71%) - good detail coverage 76

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.