Last Sold Price
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Overview
Key Facts
Type Triplex
Levels Residential
Size -
Garage Attached
Taxes $20,804
Days Active 3
Lot Size
Approx. Age
MLS® Number X13739182
Property Address: 653 Talbot St, London, ON, N6A2T6
Average square foot calculated using Size range provided by listing agent.
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.Show Description
MLS® NumberX13739182
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageAttached
Approx. Age
BasementFull, Unfinished
DrivewayGarage Type:Attached
Garage Spaces
HeatGas, Forced Air
A/CCentral Air
Extras
Price History
Appreciation
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Avg. Days Listed
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Today, For Sale for $1,850,000
For Sale · 3 days
$1,850,000
MLS® X13739182
3 days ago
Not Sold Yet
September 2026, For Sale for $1,850,000
For Sale · 3 days
$1,850,000
MLS® X13739182
3 days ago
Not Sold Yet
August 2026, Expired for $1,875,000
Expired · 114 days
$1,875,000
MLS® X13105498
6 days ago
Canceled on Aug 31, 2026
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