808 Talbot Street London East, Ontario N6A 2V6
$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:39382)
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 |
https://www.realtor.ca/real-estate/28272494/808-talbot-street-london-east-east-b-east-b
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May 08 2025 03:03:37
London and St. Thomas Association of REALTORS®
Coldwell Banker Power Realty