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Homes for Sale in London, Ontario

505 Talbot Street #2701

London East, N6A 2S6·MLS® X13542542·

Listing courtesy of Re/max Advantage Realty LTD.·Updated 4 hours ago

For sale
1 / 45
3Beds
3Baths
2,000-2,249Sqft
Year Built

Listing price

$1,100,000

Est. $5,239/mo

Days on market

1

Listed Jul 9, 2026

Description

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 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.

Property details

Garage

2 car Underground

Basement

None

Parking

2 spaces

Type

Condo Apartment — Apartment

Heating

Forced Air

AI property estimate

$550,375Below Market
$537,788$670,941

60% confidence · 9 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Downtown London

London East, ON

Urban core with condos, restaurants, and transit access.

Monthly payment estimate

Mortgage (5.24%, 25yr)$5,239
Property tax$1,192
Insurance (est.)$229
Utilities (est.)$250
Total monthly$6,910

Land transfer tax

Ontario LTT

$18,475

First-time rebate

$4,000

First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.

Price & listing history

Jul 9, 2026Listed
$1,100,000

Sold comparables nearby

3 - 49 Ridout Street, London SouthSold

$284,900

3 - 49 Ridout Street, London South

2 bd·2 ba·1,000-1,199 sqft
305 - 500 TALBOT Street, London EastSold

$329,000

305 - 500 TALBOT Street, London East

2 bd·2 ba·1,200-1,399 sqft

See all 10 comparables

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Market conditions · East F

Buyer's marketBalancedSeller's market

Avg. sold price

$682,400

+5.2%

Avg. days on market

18

−3d

Sale-to-list ratio

101.2%

+0.8%

Investment analysis

Est. monthly rent

$4,400

Rental yield

4.8%

Est. cash flow

-$2,510

Cap rate

3.3%

Best time to sell

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Peak
Good
Average

Affordability

Minimum household income required

$259,113

Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.

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AI estimate

$550,375

Below Market

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