$539,000 - 505 Talbot Street Unit 2202, London East
Condo for Sale in London East
51 days on market- MLS Number
- X13058348
- Property Type
- Condo
- Status
- active
- Days on Site
- 51
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- London East
- Locker
- None
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- THRIVE REALTY GROUP INC.
EXCEPTIONAL VALUE -- Resident doctors, ambitious young professionals and savvy investors - this is the kind of property that works as hard as you do! Enjoy modern living, low maintenance and a location designed for convenience and long-term value at the Azure Condominium. 2 Bedrooms + Private Den / 2 Bathrooms / In-suite Laundry / Dedicated Parking/EV Charger. This 22nd floor, NORTH FACING Plaza 2L model offers 1,315 sq ft (+140 sq ft balcony) open concept living with breathtaking panoramic views of cityscapes and evening sunsets. Step into the well equipped kitchen featuring stainless steel appliances, quartz countertops, tile backsplash, plenty of cabinetry and breakfast bar. Open-concept floor plan includes a dedicated dining area that flows seamlessly into the living space. With floor-to-ceiling windows & direct access to the balcony, it's an ideal setting for entertaining guests and enjoying quiet evenings. Spacious primary suite, complete with floor-to-ceiling windows, offers a luxurious ensuite bathroom with double sinks, spacious vanity and walk-in closet. Private Den/Office space is an exceptional addition to the floor plan whether you work from home or not ... private space is always a bonus! Second bedroom with closet and 4 pc bathroom is conveniently located off the main living areas. Oversized laundry/utility room provides plenty of space for laundry appliances and extra storage for your convenience -- no need for a remote storage locker. Exclusive access to rooftop amenities features Social Lounge, Library, Private Dining Room, Golf Simulator & Fitness Centre. Rooftop terrace offers stunning city views, complete with BBQs, gas fire pits & plenty of seating, Guest Suite available. Located minutes from London's finest restaurants, parks, hospitals, Canada Life, public transit & more. Condo fees include heating, cooling, water & hot water. This is a "must see" opportunity - book your showing today and be prepared to fall in love! (staging removed)
Estimate your monthly payments for this property
Estimated Payment
$2,765.35/mo
Includes CMHC insurance ($15,038)
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 2202, 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 $449/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 51 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 $2,246 (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.