500 Talbot Street S 201, London East

$299,900
500 Talbot Street S 201

$299,900

New
24d
Condo Apartment1 Storey/Apt

500 Talbot Street S 201, London East

Total Monthly Obligation $2,512

Beds
2
Baths
2
Park
1
Sqft
1200-1399
DOM
24d
Score
19
Yield
8.8%
Cash on Cash
-3.0%
Cap Rate
3.9%
5Y IRR
13.2%
10Y IRR
12.7%
Property Type-Condo Apartment
MLS® Number-X13846800
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Sep 29, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-31-50
Taxes-$3,571 (2025)
Maintenance-$805/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Baseboard (Electric)
Brokerage-ROYAL LEPAGE TRILAND REALTY
Cooling-Wall Unit(s)
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-immediate
Neighbourhood-East F
Title-Residential Condo & Other

No agent assigned

500 Talbot St, Unit 201 an impressive carpet-free, 2-bedroom, 2-bath condo offering bright open-concept living in the heart of downtown London. The spacious corner unit layout features a large peninsula that comfortably seats four, overlooking the eat-in kitchen, formal dining area and living room for effortless entertaining. The dedicated in-suite laundry room adds convenience and bonus functionality with an extra full-sized fridge and ample storage.The primary bedroom is a true retreat, complete with a 3-piece ensuite and a walk-in closet. A second well-appointed bedroom is paired with a full 4-piece main bath, ideal for guests, family, or a home office.This well-managed building offers excellent amenities, including a fitness room, sauna, party room, updated lobby and a beautiful outdoor fenced courtyard with BBQs, seating areas, and a private garden oasis-perfect for unwinding in the city. The unit includes a designated locker and, underground assigned parking with controlled entry for added security and convenience. Step outside and enjoy one of London's most walkable neighbourhoods. You're moments from the Grand Theatre, Canada Life Place, Covent Garden Market, and an incredible selection of formal and casual dining options. Fanshawe College's downtown campus is just steps away, with easy access to Western University and both major hospitals. Unit 201 delivers comfort, convenience, and an unbeatable urban lifestyle in one of downtown London's most desirable locations.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$239,920
Land Transfer Taxes$2,974
Legal Fees (Est.)
$
Total cash required for closing$64,454

Total Monthly Obligation

$2,512/mo
Mortgage $1,210
Monthly Loss $2,194
Principal$318
Interest$891
Property Tax$298
Condo Fees$805
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.9%1
5-Year IRR
8.5%26
10-Year IRR
9.9%
Returns Index
13.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$26,424/yr
NOI
$8,151/yr
Net Cash Flow
-$530/mo
Cash Margin
-24.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
3.8 mo66
Risk Index
30.0/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 500 Talbot Street S 201

Time

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