What are the monthly costs for 500 Talbot Street Unit 503, London East?

With 20% down at a 4.49% rate over 25 years, estimated monthly mortgage is approximately $1,421, property taxes ~$227/mo, and no maintenance fees listed. Total estimated monthly carrying cost: ~$1,648. Contact Joe Battaglia for a detailed cost analysis.

Is 500 Talbot Street Unit 503 a good investment?

This Condo is priced at $267/sqft. 2 bedrooms and 2 bathrooms in London East make it suitable for investors or first-time buyers. Contact the Battaglia Team for a complimentary investment analysis including rental estimates and comparable sales data.

What is the neighbourhood like around 500 Talbot Street Unit 503?

500 Talbot Street Unit 503 is located in London East, Ontario. The area offers access to local schools, parks, transit, and amenities. Condo living provides convenient access to urban amenities. Contact Joe Battaglia for a detailed neighbourhood report including school rankings, walk scores, and recent sales.

How do I book a showing for 500 Talbot Street Unit 503, London East?

To book a private showing for 500 Talbot Street Unit 503, contact Joe Battaglia directly at (416) 564-6611 or use the "Schedule a Showing" button on this page. Joe typically responds within 1 hour and can arrange same-day or next-day viewings. Virtual tours may also be available upon request.

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$320,000 - 500 Talbot Street Unit 503, London East

Condo for Sale in London East

109 days on market

2Beds

2Baths

1,200Sq Ft

Condo

Property Details

MLS Number: X12686132
Property Type: Condo
Status: active
Days on Site: 109
Bedrooms: 2
Bathrooms: 2
Square Feet: 1,200 sqft
Neighbourhood: London East
Locker: Exclusive
Exposure: North West
Balcony: Open
Listing Brokerage: CENTURY 21 FIRST CANADIAN CORP

Description

Welcome to 500 Talbot in the heart of the city! Walking distance to many restaurants and entertainment venues such as the Grand Theatre and Canada Life Place, Victoria Park and so much more. This carpet free unit has been beautifully maintained over the years. Over 1200 sq. ft. of a well designed interior floor plan offering spacious rooms, a private balcony with retractable awning and in-suite laundry, walk-in pantry for added convenience. 2 Full bathrooms, ensuite features a walk-in bathtub. Underground parking and additional storage is also included. The quaint outdoor common patio area offers a tranquil respite to enjoy the outdoors and barbequing. Other amenities this building offers are: gym, entertaining room, sauna.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,641.77/mo

Includes CMHC insurance ($8,928)

Purchase Price

Down Payment

5%10%50%

Interest Rate (%)

5-yr fixed avg.

Amortization

Frequency

Principal: $288,000Interest: $195,602

Mortgage Amount$296,928

Total Interest$195,602

Est. Property Tax$227/mo

Total Cost$492,530

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: London East

Discover London East

London East is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in London East

•Convenient location in London East
•Access to local shops and dining
•Good public transit connections
•Community parks and green spaces
•Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary

Local Secondary SchoolPublic High School

Transit & Commuting

•MiWay bus routes throughout the area
•GO Transit stations within driving distance
•Easy highway access to 401/403/QEW
•Walking distance to local amenities

Parks & Amenities

•Local parks and recreational facilities
•Community centres
•Shopping plazas nearby
•Restaurants and cafes

Lifestyle & Community

London East offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

Walk Score

Varies

Price Range

500 Talbot Street Unit 503, London East

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent

$2,520/mo

Range: $2,142 - $2,898

Cap Rate (ROI)

5.4%

Good

Monthly Cash Flow Breakdown

Rental Income+$2,520

Maintenance Fees-$780

Property Tax (est.)-$227

Insurance (est.)-$67

Net Cash Flow+$1,446

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $267/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Negotiation Opportunity

At 109 days on site, this property has exceeded the typical selling timeline for London East. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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