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$249,900

Est. $1,171/mo mortgage

2bd·1ba·800-899sqft

583 Mornington Avenue #1102 · London East, N5Y 3E9

MLS® X12865456

197 days on market197 days on market

Listed Mar 10, 2026

Listing courtesy of Blue Forest Realty INC.·Updated Apr 29

Description

This spacious 2 bedroom unit on the top floor with open-concept kitchen, living, and dining area that's great for entertaining, big balcony that faces west, wall A/C in the living room, pot lights. modern 4-piece bathroom. vinyl floor throughout unit. Parking spaces are on a first come first serve basis. Enjoy peace of mind with condo fees that include water, heat, and hydro- perfect for worry-free living. The building is located close to schools, College, public transit and shopping. Pictures are from before unit was leased.

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Property details

Interior

Interior
800-899 sqft
Rooms
5 rooms
Bathrooms
1 × 4-piece
Basement
None
Heating
Baseboard
Cooling
Other, Wall Unit(s)
Laundry
N

Building & lot

Type
Condo Apartment, Apartment
Exterior
Concrete
Storeys
11
Exposure
East

Parking

Parking
1 spaces
Locker
None

Fees & taxes

Condo fee
$652/mo
Fee includes
heat, water
Pets
Yes-with Restrictions
Property tax
$1,727/yr (2025)
Corporation
MSCC 890
Managed by
Larlyn property management

Building amenities

Visitor Parking · BBQs Allowed · Elevator

Rooms

Main

Bedroom 2, Vinyl Floor
3.48 × 3.3 m
Kitchen, backsplash, vinyl floor
3.4 × 2.54 m
Living Room, Vinyl Floor
5.59 × 5.03 m
Bedroom, Vinyl Floor
4.44 × 3.35 m

AI property estimate

$211,150Estimate is ~15.5% below asking

Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.

$190,035$232,265

87% confidence · 40 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
Argyle

London East, ON

Expansive east London district with parks and a wide range of affordable to mid-range housing.

Monthly paymentest. $2,276/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$1,171
Property tax$151
Insurance (est.)$52
Utilities (est.)$250
Condo fee$652
Total monthly$2,276
Land transfer tax$2,224 on closing

Ontario LTT

$2,224

First-time rebate

$2,224

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

Price & listing history

$249,900

Listed Mar 10, 2026

On the market

Sold comparables nearby

808 - 583 MORNINGTON AVE Avenue, London EastSold

808 - 583 MORNINGTON AVE Avenue, London East

2 bd·1 ba·800-899 sqft
1105 - 573 Mornington Avenue, London EastSold

1105 - 573 Mornington Avenue, London East

1 bd·1 ba·600-699 sqft

See what these 6 homes sold for

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Market conditionsBuyer's market in London East

Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 92.9% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$184,367

Sale-to-list ratio

92.9%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $65,000 household income

Minimum household income required

$65,000

Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.

Not sure about financing? Ask Colin
Rental market$1,725/mo median for 2 bed nearby

$1,725/month is the median rent for 2-bedroom homes leased within 3km over the past 12 months, across 75 leases.

What comparable homes actually leased for, not an estimate of what this one would rent for. Rent depends on condition, finishes and timing in ways this figure cannot see.

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Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

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