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653 Talbot ST London East, ON N6A 2T6
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision East F
MLS Listing ID X13105496
Annual Tax Amount $20,804
Tax Year 2026
Property Sub-Type Investment
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.
Location
Province ON
County Middlesex
Area Middlesex
Zoning R3-1(17),NF1(16)
Interior
Cooling Yes
Inclusions Fridge (3), Stove (3), Dishwasher (3), Washer (3), Dryer (3)
Exterior
Community Features Public Transit
Utilities Available Available
Lot Frontage 83.0
Lot Depth 193.0
Building
Building Age 100+
Others
Security Features No
ParcelsYN No
Listed by CENTURY 21 FIRST CANADIAN CORP. DEAN SOUFAN INC.