505 Talbot Street 706, London East

$568,800
505 Talbot Street 706

$568,800

New
23d
Condo ApartmentApartment

505 Talbot Street 706, London East

Total Monthly Obligation $3,830

Bed+Den
3+1
Baths
2
Park
1
Sqft
1400-1599
DOM
23d
Score
16
Yield
5.6%
Cash on Cash
-9.4%
Cap Rate
2.6%
5Y IRR
8.2%
10Y IRR
8.8%
Property Type-Condo Apartment
MLS® Number-X13844102
Bed+Den-3+1
Bathrooms-2
Size-1400-1599 sqft
Listed on site-Sep 30, 2026
Style-Apartment
Building Type-Condo Apartment
Age-6-10
Taxes-$6,649.38 (2026)
Maintenance-$782/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RINEHART REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-Yes
Pool-None
Exterior-Concrete, Stucco (Plaster)
Possession-Flexible
Neighbourhood-East F
Title-Residential Condo & Other

No agent assigned

Welcome to Unit 706 at 505 Talbot Street, ideally located in the heart of Downtown London. This spacious 1,480 sq. ft. Hudson model offers an impressive layout with 2 bedrooms, 2 bathrooms, a den, and an abundance of natural light from its desirable east-facing exposure.The open-concept kitchen and living area is perfect for both everyday living and entertaining, featuring stainless steel appliances, crisp white quartz countertops, hardwood flooring, and a cozy fireplace. The generous primary bedroom includes a private ensuite, while the second bedroom offers plenty of space for guests, family, or a home office. A separate den adds even more flexibility, and the large in-suite laundry room provides valuable additional storage.Step outside onto the oversized balcony and enjoy an extension of your living space with views over the city. Covered parking is also included.Residents enjoy an outstanding collection of building amenities, including a spectacular 29th-floor outdoor terrace with gas fire pit, BBQs and lounge areas, fitness centre, pool table, golf simulator, kitchen and wet bars, library, and guest suite. Heating, cooling and water are included in the condo fees.Enjoy spacious condo living in a LEED-certified, energy-efficient building, just steps from the restaurants, entertainment, shopping and amenities of Downtown London.

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Closing Costs

Mortgage Amount
$455,040
Land Transfer Taxes$7,851
Legal Fees (Est.)
$
Total cash required for closing$123,111

Total Monthly Obligation

$3,830/mo
Mortgage $2,294
Monthly Loss $3,227
Principal$604
Interest$1,691
Property Tax$554
Condo Fees$782
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.8%11
Cash-on-Cash
-13.9%0
5-Year IRR
5.0%11
10-Year IRR
7.1%
Returns Index
6.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$32,136/yr
NOI
$10,489/yr
Net Cash Flow
-$1,420/mo
Cash Margin
-53.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.383
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo41
Risk Index
20.6/ 100

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

Comparables

Properties near 505 Talbot Street 706

Time

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