$519,900 - 505 TALBOT Street Unit 1308, London East
Condo for Sale in London East
95 days on market- MLS Number
- X12886606
- Property Type
- Condo
- Status
- active
- Days on Site
- 95
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- London East
- Locker
- None
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- TEAM GLASSER REAL ESTATE BROKERAGE INC.
Luxurious downtown living awaits in this two-bedroom plus den condo at Azure, just steps from Richmond Row and Victoria Park. Designed with Tricar's signature attention to detail, the suite features open-concept living with a bright kitchen, stainless steel appliances, in-suite laundry, and an oversized south-facing balcony that floods the space with light. The primary bedroom offers calming night city views, a walk-in closet, and an expansive three-piece ensuite, complemented by a second bedroom, full bathroom, and a versatile den perfect for a home office or guest room. Premium finishes include wide plank hardwood, designer interior doors, deluxe trim details, and energy-efficient systems for comfort and sustainability. Residents enjoy unmatched amenities including a fitness room, golf simulator, library and study lounge, social lounge with billiards, and a rooftop terrace with sweeping views of the city, parklands, and Thames River. One exclusive underground parking spot completes this move-in ready opportunity in a vibrant downtown location with restaurants, entertainment, and cultural hotspots just steps away.
Estimate your monthly payments for this property
Estimated Payment
$2,667.36/mo
Includes CMHC insurance ($14,505)
5-yr fixed avg.
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.
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
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.
505 TALBOT Street Unit 1308, London East
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Monthly Cash Flow Breakdown
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's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $520/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 95 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Investment Perspective
Looking at this as an investment: London East properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,166 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
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.