$424,900 - 505 TALBOT Street Unit 803, London East
Condo for Sale in London East
45 days on market- MLS Number
- X13084666
- Property Type
- Condo
- Status
- active
- Days on Site
- 45
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- London East
- Locker
- Owned
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- CENTURY 21 FIRST CANADIAN CORP
Capitalize on this once in a lifetime opportunity in Azure at an unbeatable price! This rare 'Liberty' Unit is located on the 8th floor with a cozy 760 sq ft of beautiful views from its floor to ceiling windows and your own private balcony. This stunning suite is perfect for a resident doctor, young professional, or savvy investor looking to expand their portfolio! From the moment you walk in, this home exudes pride of ownership as evident in its immaculate condition. Every inch of this unit is unparalleled in the building with an open concept kitchen/living area, built in electric fireplace, granite countertops and hard surface flooring throughout. The primary bedroom comes complete with a walk-in closet and an elegant but private view. In-suite laundry and a storage locker just steps away offers plenty of space. Covered underground parking, heat, hydro, and water are all included in this stunning condo. Some of the best facilities in the city are located on the 29th floor patio with a gas fire pit, BBQs, lounge patio furniture, private area, full gym, pool table, golf simulator, kitchen & wet bars, library & guest suite! These one bedrooms are a rare commodity!
Estimate your monthly payments for this property
Estimated Payment
$2,179.96/mo
Includes CMHC insurance ($11,855)
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 803, 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 $607/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.
Market Position
At 45 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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.