511 Gainsborough Road #215
London North, N6G 4Z5·MLS® X13121706·
Listing courtesy of Keller Williams Lifestyles·Updated 2 days ago
Listing price
$209,900
Est. $1,000/mo
Days on market
Listed May 13, 2026
Description
Welcome to the Gainsborough! This is a unique Life Lease Community for adults 55+. Discover comfort and convenience in this stylish 2-bedroom, 1.5 bathroom condo with private balcony. Perfectly designed for modern living, this home offers a well-appointed layout with neutral finishes throughout. The open concept living and dining area is spacious, offering plenty of natural light and a warm, inviting atmosphere with plenty of windows. The kitchen features ample cabinet and counter space ideal for preparing meals or entertaining guests. The spacious bedrooms offer a peaceful retreat, complete with a generous closets for all your storage needs. The 4 pc. bathroom is very spacious and functional with bedroom access. The added feature of the 2pc. bathroom is perfect for guests. Separate in unit laundry room with storage. Located in a desirable neighborhood, this unit provides easy access to local shops, restaurants, and public transportation, making it the ideal spot for city living. Building offers woodworking room, library, exercise room, billiards room, ping pong, fireside lounge, hair salon, chapel, guest suites, outdoor patios and sitting space. Each unit includes an exclusive underground storage locker, with open surface parking included and underground parking available for $50/month (subject to availability). Located within walking distance of the scenic nature trails, Sherwood Forest Mall, Aquatic Centre, public transit, and close to University Hospital. This community is ideal for an active and social lifestyle. Please note that this is a no-pet, cash-purchase-only community with no mortgage options available for life lease. All appliances included! Cash purchase only, a Life lease building cannot be mortgaged. For Adults 55 plus. Maximum of 2 adults per unit. No Pets & No Renters allowed.
Property details
Basement
None
Parking
1 spaces
Type
Condo Apartment — Apartment
Heating
Water
AI property estimate
82% confidence · 8 comparable sales analysed
Location & neighbourhood
London North, ON
Established northwest neighbourhood with mature trees and proximity to Western University.
Monthly payment estimate
Land transfer tax
Ontario LTT
$1,824
First-time rebate
−$1,824
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Sold comparables nearby
Sold$290,000
710 - 30 CHAPMAN Court, London North
Sold$298,000
904 - 30 Chapman Court, London North
See all 10 comparables
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Market conditions · North F
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
$840
Rental yield
4.8%
Est. cash flow
-$681
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$57,041
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$216,407
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