1049 Talbot Street, London East

$669,999
1049 Talbot Street

$669,999

New
3d
Detached1 1/2 Storey

1049 Talbot Street, London East

Total Monthly Obligation $3,497

Beds
5
Baths
2
Park
6
Sqft
1500-2000
DOM
3d
Score
20
Yield
5.5%
Cash on Cash
-1.3%
Cap Rate
4.3%
5Y IRR
14.6%
10Y IRR
13.8%
Property Type-Detached
MLS® Number-X14098830
Beds-5
Bathrooms-2
Size-1500-2000 sqft
Lot Size-35 × 140 ft
Listed on site-Oct 20, 2026
Style-1 1/2 Storey
Building Type-Detached
Age-51-99
Taxes-$5,029 (2025)
Parking-6 - Detached
Basement-Separate Entrance, Partially Finished
Heating-Forced Air (Gas)
Brokerage-LIST299.COM REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Aluminum Siding, Brick
Roof-Asphalt Shingle
Foundation-Concrete, Concrete Block
Sewer-Sewer
Possession-Can be purchased Furnished for student rental
Neighbourhood-East B
Title-Residential Freehold

No agent assigned

Exceptional versatility, character, and rare amenities in highly sought-after Old North! Currently owner-occupied, this timeless yellow-brick detached home offers the perfect layout to serve as a wonderful single-family residence or a high-yielding 5-bedroom student rental. The main and upper levels showcase classic character, including coffered ceilings, elegant crown moulding, and original hardwood flooring. It offers highly flexible configurations-easily setup as 5 bedrooms, or 4 bedrooms with a main-floor family room. The kitchen and bathroom feature durable vinyl tile.The basement adds incredible value with a separate entrance, a 4-piece bath, and a kitchen area. It serves beautifully as a private home office and lower family room, or offers excellent potential for an Additional Residential Unit (ARU) conversion. For complete peace of mind, the basement was professionally damp-proofed in ~2014 with new weeping tile, a sump pump, and a complete wall wrap. Mechanical features include a 100-amp service and a fully serviced, properly working Lennox two-stage furnace and A/C system.The exterior features are an absolute rarity for Old North. Situated on a prominent corner lot, the property provides massive parking for up to 6 vehicles, alongside a detached two-car garage equipped with hydro and insulated walls. The grounds are beautifully treed, offering a private, serene canopy over the back patio. Please note: Sellers are licensed Realtors.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$535,999
Land Transfer Taxes$9,875
Legal Fees (Est.)
$
Total cash required for closing$145,375

Total Monthly Obligation

$3,497/mo
Mortgage $2,703
Monthly Loss $2,785
Principal$711
Interest$1,991
Property Tax$419
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.5%22
Cash-on-Cash
-6.3%2
5-Year IRR
10.7%40
10-Year IRR
11.1%
Returns Index
21.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$36,528/yr
NOI
$23,346/yr
Net Cash Flow
-$757/mo
Cash Margin
-24.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7211
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo45
Risk Index
24.6/ 100

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

Comparables

Properties near 1049 Talbot Street

Time

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Data last updated within the past 24 hours.