583 Mornington Avenue #501 · London, N5Y 3E9
MLS® X13173560
Listed May 25, 2026
Listing courtesy of Re/max A-b Realty LTD Brokerage·Listing last changed Oct 26
Key facts
- Property type
- Condo apt
- Square footage
- 600-699 sqft
- Storeys
- 5
- Parking
- 1 space
- Property tax
- $1,324/yr (2026)
Description
Bright and affordable 1+den condo with stunning views at 501-583 Mornington Ave, London, ON. This spacious unit is an excellent option for first-time buyers, investors, or anyone looking for an affordable student home. Set in a quiet, clean, and well-managed building, it offers comfort, convenience, and strong value. The large private balcony showcases sweeping city views and is the perfect place to relax with a morning coffee or enjoy the sunset. Inside, the practical layout includes a generous living area, a bright bedroom, and a versatile den ideal for a home office, study area, or guest space. Condo fees include heat, hydro, and water, making monthly costs easier to manage. Whether you are entering the market or adding a property in a high-demand rental area, this condo is a smart opportunity in a solid building.
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Property details
Interior
- Size
- 600-699 sqft
- Rooms
- 5 rooms
- Bathrooms
- 1 × 4-piece
- Basement
- Full
- Heating
- Radiant
- Cooling
- Wall Unit(s)
- Ensuite laundry
- No
Building & lot
- Type
- Condo apt, Apartment
- Exterior
- Stucco (Plaster), Concrete Poured
- Storeys
- 5
- Exposure
- North West
Parking
- Garage
- 1 car None
- Parking
- 1 space
- Locker
- Ensuite+Exclusive
Fees & taxes
- Condo fee
- $509/mo
- Fee includes
- heat, hydro, water, parking
- Pets
- Yes, with restrictions
- Property tax
- $1,324/yr (2026)
- Corporation
- MCC 890
- Managed by
- LARLYN PROP MNGMNT LTD
Rooms
Ground
- Dining Room
- 3.65 × 3.04 m
- Bedroom
- 3.81 × 3.048 m
- Living Room
- 2.438 × 3.96 m
- Den
- 2.438 × 3.65 m
- Bathroom, 4 Pc Bath
- 1.524 × 2.133 m
- Kitchen
- 2.136 × 2.7 m
Estimated value range
$161K to $178K
An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.
Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.
Schools nearbyclosest is Blessed Sacrament Separate School, 590 m
Elementary
- 4.8
Blessed Sacrament Separate School
590 m · Grades JK-8
London District Catholic School Board
- 7.4
Académie de la Tamise
920 m · Grades JK-6
Conseil scolaire Viamonde
- 4.2
East Carling Public School
980 m · Grades JK-8
Thames Valley District School Board
Secondary
Thames Valley Alternative Secondary School
800 m · Grades 9-12
- 3.3
John Paul II Catholic Secondary School
850 m · Grades 9-12
London District Catholic School Board
Robarts Provincial School for the Deaf
1.1 km · Grades 9-12
Provincial
Distances are straight-line from this address. School boards set their own attendance areas and do not publish them, so a school listed here is not a guarantee of placement. Confirm with the board before you rely on it.
Monthly paymentest. $1,700/mo all in
Monthly payment estimate
Land transfer tax$1,424 on closing
Ontario LTT
$1,424
First-time rebate
−$1,424
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed May 25, 2026
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
Sold comparables nearby
Sold707 - 563 Mornington Avenue, London East
Sold1104 - 583 Mornington Avenue, London East
See what these 6 homes sold for
Create a free account to see sold prices and comparable sales.
Market conditionsBuyer’s market in London
6.1 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 94.6% of asking.
Avg. sold price
$181,233
Sale-to-list ratio
94.6%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $46,000 household income
Minimum household income required
$46,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization, this home's listed property tax and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Call Colin at (226) 212-5099 or text
Rental market$1,295/mo median for 1 bed nearby
$1,295/month is the median rent for 1-bedroom homes leased within 3km over the past 12 months, across 50 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.
Get notified about similar homes
New condo apt listings in Old East Village.
Colin Abbot, Broker
Oak and Key Real Estate Brokerage Inc., Brokerage, 490 Melcrest Road, London, ON N6J 3T1, Phone: (226) 212-5099
Not intended to solicit clients already under contract.
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