FOR SALE
$1,900,000
1288-1292 Highbury, London East, ON, N5Y 1B4
4659
About the Property
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.
About the Property
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.
Features
Property Details
MLS#:
X13739180
Status:
For Sale
Property Type:
Investment
Central A/C:
No
Bedrooms:
Heating Fuel:
Gas Forced Air Open
Bathrooms:
Heating Type:
Gas Forced Air Open
Parking:
Cross Street:
OXFORD STREET EAST & TALBOT STREET
Basement:
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.
Features
Property Details
MLS#:
X13739180
Status:
For Sale
Property Type:
Investment
Central A/C:
No
Bedrooms:
Heating Fuel:
Gas Forced Air Open
Bathrooms:
Heating Type:
Gas Forced Air Open
Parking:
Cross Street:
OXFORD STREET EAST & TALBOT STREET
Basement:
Maintenance:
Exterior:
Possession Date:
Presented By:
CENTURY 21 FIRST CANADIAN CORP. DEAN SOUFAN INC.
Maintenance:
Exterior:
Possession Date:
Presented By:
CENTURY 21 FIRST CANADIAN CORP. DEAN SOUFAN INC.