653 Talbot Street
London East, ON
- 0.4 sqft
- Investment
- 121 days on market
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.
Listing Details
- Taxes (2026)
- $20,804
- Listed
- May 8, 2026
Price History
Listing history
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Property
- Age
- 100+
- Lot Size
- 83 x 193 Feet
Parking
- Garage
- Other
Location & Legal
- Cross Street
- OXFORD STREET EAST & TALBOT STREET
- Zoning
- R3-1(17),NF1(16)
- Parcel Number
- 082610195
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 2 To 5 Units
- Office / Apartment Area
- 5937 Sq Ft
Included
- Inclusions
- Fridge (3), Stove (3), Dishwasher (3), Washer (3), Dryer (3)
- Exclusions
- All Tenant Belongings.
- Rental Items
- None
Community
Postal area N6A
- Population
- 13,810
- Private dwellings
- 9,768
- Median age
- 34
- Average household size
- 1.8
- Median household income
- $61,200
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in London East · last 12 months
- Median sold price
- $462,000
- Homes sold
- 1,322
- Median days on market
- 25
- Sale-to-list price
- 97.0%
Based on 1,322 recorded sales of commercial properties in London East over the last 12 months.
Listed by
CENTURY 21 FIRST CANADIAN CORP. DEAN SOUFAN INC.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Annual property tax
- $20,804
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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