$549,900 - 505 Talbot Street Unit 1705, London East
Condo for Sale in London East
94 days on market- MLS Number
- X12886914
- Property Type
- Condo
- Status
- active
- Days on Site
- 94
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- London East
- Locker
- None
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- THRIVE REALTY GROUP INC.
Experience elevated living in one of Londons most sought-after addresses Azure Condominiums. This stunning 2-bedroom, 2-bath suite offers spectacular skyline views from the 17th floor and blends modern elegance with everyday comfort.Step inside to a bright, open-concept layout designed for entertaining. The chef-inspired kitchen features quartz countertops, sleek cabinetry, an elegant tile backsplash, and plenty of prep and storage space. The spacious living and dining area flows seamlessly onto a private balcony perfect for enjoying morning coffee, summer grilling, or evening sunsets over the city.Both bedrooms are generously sized with floor-to-ceiling windows that fill the space with natural light. The primary suite includes a walk-in closet and a spa-like ensuite with a walk-in glass shower, while the second bathroom offers equally refined finishes.High-end flooring runs throughout engineered hardwood in principal rooms, tile in the baths, and plush carpet in the bedrooms paired with in-suite laundry, a dedicated storage room, and individual climate control for ultimate convenience.At Azure, luxury extends beyond your door with premium amenities including a golf simulator, fitness centre, rooftop terrace with gas BBQs, and resident lounge. Located steps from downtown dining, shopping, entertainment, and green spaces, this is urban living at its finest.
Estimate your monthly payments for this property
Estimated Payment
$2,821.27/mo
Includes CMHC insurance ($15,342)
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 1705, 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 $550/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 94 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.
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 $2,291 (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.