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Investment signal

$499,900

120 TALBOT STREET West

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Beds

Baths

5 full + 1 half

Sqft

—

Year

—

Type

Single Family

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Leamington. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to 120 talbot st w, leamington — a fantastic turnkey investment opportunity in a prime location just seconds from the vibrant downtown core. ideal for either an investor or homeowner. This legal duplex with an additional unit offers three self-contained apartments, making it an ideal income-generating property. with a total of 6 bedrooms and 4.5 bathrooms, the layout is well-suited for strong rental demand and long-term tenant appeal. Currently generating an impressive $5,050 per month in rental income, this property provides immediate cash flow for investors looking to expand their portfolio or step into the market with confidence. situated on a generous lot, the property features ample on-site parking with space for 6–8 vehicles — a rare and valuable asset for multi-unit properties. located within walking distance to supermarkets, buses, schools, shops, restaurants, grocery stores, and everyday amenities, tenants will appreciate the convenience and accessibility this location offers. Whether you're a seasoned investor, just getting started, or want to live in one unit and rent out the others, this is a solid opportunity in one of Leamington's most desirable rental areas. Unfinished basement with separate entrance. Please allow 24 hour notice for all showings. Preferred showing times are weekends. (id:65958)

Subtype: Single Family
Structure: Duplex
Common interest: Freehold
Lot dimensions: 89.87 X / 0.298 AC
Bedrooms: 6 above grade, 0 below grade
On market: Apr 21, 2026
Status changed: Apr 26, 2026
Zoning: R2
Photos: 38
MLS#: 26008397
Area: LEAMINGTON

Features and systems

Parking

Other

Heating

Forced airNatural gasFurnace

Cooling

Central air conditioning

Exterior

Aluminum/Vinyl

Flooring

Carpet over HardwoodCeramic/PorcelainCushion/Lino/Vinyl

Foundation

Block

Lot

Double width or more driveway

Positive cash flow ~$175/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

2.10%

Cap rate

5.28%

GRM

12.6

Break-even rent

$3,116

Financing

Down payment$99,980

Loan amount$399,920

Mortgage$2,026/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$229

Insurance$80

Maintenance$417

CapEx reserve$208

Vacancy loss$165

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $2,026/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 26, 2026.