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Est. payment | /mo
9 Beds
7 Baths
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Est. payment | /mo
9 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 X13739182
Style 2-Storey
Bedrooms 9
Annual Tax Amount $20,804
Tax Year 2026
Property Sub-Type Triplex
Property Description
INVESTOR & DEVELOPER ALERT! 9 BEDROOMS 7 BATHROOMS 3 SELF-CONTAINED UNITS. 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 major capital expenditures anticipated. The building features three self-contained, separately metered units, comprising a total of 9 bedrooms and 7 bathrooms, with each unit also having its own separate HVAC system. The property is currently generating $2,600/month from Unit 1, $3,370/month from Unit 2, and $4,720/month from Unit 3, for a total of $10,690/month or $128,280 annually. Existing leases provide strong, reliable cash flow, while the property's zoning offers significant future development and intensification potential. Permitted uses include residential intensification such as single detached, semi-detached, duplex, triplex, fourplex and converted dwellings, as well as certain institutional and community uses including private schools, day care centres, places of worship and more. Buyers are advised to complete their own due diligence with the municipality and applicable regulatory authorities regarding zoning, permitted uses, development potential, income and expenses. 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, combining immediate income, extensive renovations 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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