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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.
2 Refrigerators, 2 Stoves, Dishwasher, 2 Washers, 2 Dryers
City: London East
Neighborhood: East B
Purchase Price | $849900 |
Down Payment | $169980 |
Mortgage Insurance | $0 |
Total Mortgage | $679920 |
Mortgage Payment | $4190 |
Property Taxes | $624 |
Maintenance Fees | $0 |
Monthly Payment | $4814 |
Located at 808 Talbot St , this London East house is available for sale. This property was listed for $849,900 on Thu May 08 2025. This house's size is 2000-2500 Sqft. It has 6 bedrooms and 2 bathrooms. The property includes the following rooms: , , , , , , , , , , , . This property comes with 5 parking spots. 808 Talbot St, London East is situated in the East B neighbourhood.
MLS#: X12130084 · $849,900 · 6 bedroom house in East B, London East