653 Talbot Street, London East, ON N6A 2T6, London East, ON, N6A 2T6
MLS: X13105498 | Triplex
$1,875,000
Property Description
INVESTOR & DEVELOPER ALERT! Prime opportunity in the heart of London. 653 Talbot presents a fully renovated, turnkey triplex with strong in-place income and exceptional future upside. Completely gutted to the studs and rebuilt in 2018, with a new roof completed in 2024, this property offers peace of mind with no immediate capital expenditures required. The building features three self-contained units with separate utilities, generating $2,600/month (Unit 1), $3,370/month (Unit 2), and $4,720/month (Unit 3), for a total of $10,690/month or $128,280 annually. All units are currently leased through May 2026 and April 2027, providing secure, reliable cash flow from day one. Zoning permits future development and increased density, making this a rare opportunity for investors and developers alike. Permitted uses include residential intensification (single, semi-detached, duplex, triplex, fourplex, and converted dwellings), as well as institutional and community uses such as private schools, day care centres, places of worship, and more. Buyers are advised to complete their own due diligence with the municipality and regulatory authorities. Located in vibrant downtown London, the property offers excellent walkability to restaurants, shopping, transit, and key amenities - enhancing both tenant demand and long-term value. An exceptional addition to any investment portfolio with immediate income and long-term redevelopment potential.
Quick Facts
- Property Type: Triplex
- Style: 2-Storey
- Bedrooms: 10 (10 above)
- Bathrooms: 7
- Parking: 8.0 spaces (Private Double)
Costs
- Annual Taxes: $20,804.05 (2025)
Listing Provided by: CENTURY 21 FIRST CANADIAN CORP. DEAN SOUFAN INC.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: Central Air
- Basement: Full, Unfinished
Exterior & Construction
- Style: 2-Storey
- Exterior: Deck, Porch
- Roof: Shingles
- Construction: Brick
- Foundation: Block
- Sewer: Sewer
Lot & Land
- Pool: None
- Zoning: R3-1(17), NF1(16)
Community & Neighbourhood
- Neighbourhood: East F
Listing Information
Listing History
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653 Talbot Street, London East, ON N6A 2T6, London East, ON, N6A 2T6