$1,100,000 - 505 Talbot Street Unit 2701, London East
Condo for Sale in London East
94 days on market- MLS Number
- X12894092
- Property Type
- Condo
- Status
- active
- Days on Site
- 94
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- London East
- Locker
- Owned
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- RE/MAX ADVANTAGE REALTY LTD.
Spectacular views from the 27th floor of this open concept 2,235 sq ft Penthouse w 3 bedroom, 3 full baths plus Den in the heart of downtown at The Azure. Offering incredible North & West views of the Thames River, Labatt Park and London's Forest City. This spacious Penthouse has floor to ceiling windows throughout providing bright interior living while glass railing enhances the breathtaking views with an additional 300 sq ft of outdoor covered Terrace off living area and separate balcony for the 3rd bedroom. Large open concept living, dining & kitchen area allows for entertaining at its best or cozy up by the fireplace to relax and take in the evening sun sets. Custom cabinetry in Chefs kitchen, quartz countertops and built in appliances. Engineered hardwood throughout the unit (no carpet) along with tile in the 3 bathrooms. West facing primary bedroom is complete with walk in closet, a 5pc ensuite with heated flooring. The second & third bedrooms also with a wall of windows and adjacent 4pc baths include walk in closets in both. 2 owned parking spots with an electric vehicle plug-in on level _____ w/no stairs to the elevators. Impressive common areas include a golf simulator, games room w/ bar & pool table, upper level gym and spectacular rooftop lounge with panoramic city views. Everything you could ever dream of is here at The Azure
Estimate your monthly payments for this property
Estimated Payment
$4,865.67/mo
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 2701, 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.
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.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $4,583 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.