808 TALBOT ST new Save Request In-Person Tour Request Virtual Tour
London East,ON N6A 2V6
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision East B
MLS Listing ID X12130084
Style 2-Storey
Bedrooms 6
Building Age 100+
Annual Tax Amount $7,488
Tax Year 2024
Property Sub-Type Duplex
Property Description
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.
Location
State ON
County Middlesex
Community East B
Area Middlesex
Zoning R3-2
Rooms
Family Room No
Basement Unfinished,Full
Kitchen 2
Interior
Interior Features Water Heater,In-Law Capability,In-Law Suite,Guest Accommodations
Cooling Central Air
Inclusions 2 Refrigerators, 2 Stoves, Dishwasher, 2 Washers, 2 Dryers
Exterior
Exterior Feature Deck
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Road Frontage Paved Road
Lot Frontage 41.01
Lot Depth 164.09
Total Parking Spaces 5
Building
Foundation Poured Concrete
New Construction false
Others
Senior Community No
Security Features Carbon Monoxide Detectors,Smoke Detector