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$ 1,950,000
Est. payment | /mo
10 Beds
7 Baths
$ 1,950,000
Est. payment | /mo
10 Beds
7 Baths
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision East F
MLS Listing ID X12988110
Style 2-Storey
Bedrooms 10
Annual Tax Amount $20,804
Tax Year 2025
Property Sub-Type Triplex
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)
Rooms
Family Room No
Basement Full, Unfinished
Kitchen 3
Interior
Interior Features Separate Hydro Meter
Cooling Central Air
Inclusions Washer (3), Dryer (3), Dishwasher (3), Stove (3), Fridge (3)
Exterior
Exterior Feature Deck, Porch
Parking Features Private Double
Garage Spaces 2.0
Pool None
Roof Type Shingles
Lot Frontage 83.0
Lot Depth 193.0
Total Parking Spaces 8
Building
Building Age 100+
Foundation Block
Others
Senior Community Yes
ParcelsYN No
Listed by CENTURY 21 FIRST CANADIAN CORP. DEAN SOUFAN INC.
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