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808 Talbot Street London East, Ontario N6A 2V6

6 Bedroom 2 Bathroom 2000 - 2500 sqft
Central Air Conditioning Forced Air

$849,900

Turnkey licensed duplex in prime Old North location-steps to Gibbons Park and walking distance to UWO, St. Josephs Hospital, and Downtown London. High-demand rental area with proximity to transit, shopping, and entertainment as well as direct bus route to UWO. This extremely well-maintained property features a private double drive and 5 designated parking spots-rare and income-generating. Upper unit offers 4 bedrooms at $3,339/month. Main floor is a 2 bedroom unit leased at $2,100/month. Both units are leased until April 30, 2026. Annual rental income: $65,268 + $1,800/year from parking = $67,068 total. Each unit has in-suite laundry. Owner pays heat ($1,835/year) and hydro ($3,246/year). Recent upgrades include new furnace and a/c (2018), roof and skylights (2016), owned water heater and fresh paint throughout. Strong cap rate with potential for rent increases upon tenant turnover. This is an exceptional investment in a high-demand location with proven income and long-term value growth. (id:38414)

Property Details

MLS® Number X12130084
Property Type Multi-family
Community Name East B
AmenitiesNearBy Hospital, Park, Schools
EquipmentType Water Heater
Features Flat Site, Guest Suite, In-law Suite
ParkingSpaceTotal 5
RentalEquipmentType Water Heater
Structure Deck

Building

BathroomTotal 2
BedroomsAboveGround 6
BedroomsTotal 6
Age 100+ Years
Appliances Water Heater, Dishwasher, Dryer, Two Stoves, Two Washers, Two Refrigerators
BasementDevelopment Unfinished
BasementType Full (unfinished)
CoolingType Central Air Conditioning
ExteriorFinish Brick
FireProtection Smoke Detectors
FoundationType Poured Concrete
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 2
SizeInterior 2000 - 2500 Sqft
Type Duplex
UtilityWater Municipal Water

Parking

No Garage

Land

Acreage No
FenceType Fenced Yard
LandAmenities Hospital, Park, Schools
Sewer Sanitary Sewer
SizeDepth 164 Ft ,1 In
SizeFrontage 41 Ft
SizeIrregular 41 X 164.1 Ft
SizeTotalText 41 X 164.1 Ft|under 1/2 Acre
ZoningDescription R3-2

Utilities

Cable Installed
Wireless Available

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May 08 2025 03:03:37

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