$1,875,000
20.13 BTC
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Map
653 Talbot Street, London
$1,875,000
PRICE
10
BEDROOMS
7
BATHROOMS
X13105498
MLSID

653 Talbot Street, London

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.
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Summary

Address
653 Talbot Street
City
Community
MLSID
X13105498
Property Type
Triplex
Property Category
Bedrooms
10
Bathrooms
7
Kitchens
3
Zoning
R3-1(17), NF1(16)
Taxes (Annual)
$20,804.05
Tax Year
2025
Published
May 8, 2026
Days on Market
16 Days
Possession Type
Flexible
Possession Details
Flexible
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Inclusions

Washer (3), Dryer (3), Dishwasher (3), Stove (3), Fridge (3)

Exclusions

All Tenant Belongings

Details

Property Features
Fenced Yard, Park, Place Of Worship, Public Transit, Rec./Commun.Centre
Bathroom 1
3-Piece Main Level
Bathroom 2
3-Piece Second Level
Basement
Full, Unfinished
Exterior Features
Deck, Porch
Interior Features
Separate Hydro Meter
Parking Spaces
6
Parking Total
8
Parking Features
Private Double
Architectural Style
2-Storey
Roof
Shingles
Construction Materials
Brick
Lot Width
83 Feet
Lot Depth
193 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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