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583 Mornington Avenue #604

London East, N5Y 3E9·MLS® X13193344·

Listing courtesy of Century 21 First Canadian Corp·Updated May 27

For sale
1 / 11
2Beds
1Baths
800-899Sqft
Year Built

Listing price

$234,900

Est. $1,119/mo

Days on market

18

Listed May 27, 2026

Description

2 bedroom 1-bathroom apartment near Highbury and Oxford. offers convenience, and affordability. Located within walking distance to shopping and groceries stores perfect for first-time buyers and investors. Bus stop just steps away, with only minutes ride to Fanshawe College and about 15 minutes to downtown. Included in the Condo Fees are Heat, Hydro, Water, Building Maintenance, Common Elements, Garbage Removal, and parking space.

Property details

Garage

1 car Other

Basement

None

Parking

1 spaces

Type

Condo Apartment — Apartment

Heating

Baseboard

AI property estimate

$230,437At Market
$216,343$244,531

82% confidence · 8 comparable sales analysed

Location & neighbourhood

Argyle

London East, ON

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

Monthly payment estimate

Mortgage (5.24%, 25yr)$1,119
Property tax$254
Insurance (est.)$49
Utilities (est.)$250
Total monthly$1,672

Land transfer tax

Ontario LTT

$2,074

First-time rebate

$2,074

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

Price & listing history

May 27, 2026Listed
$234,900

Sold comparables nearby

407 - 563 Mornington Avenue, London EastSold

$140,000

407 - 563 Mornington Avenue, London East

1 bd·1 ba·600-699 sqft
1107 - 583 Mornington Avenue, London EastSold

$175,000

1107 - 583 Mornington Avenue, London East

1 bd·1 ba·600-699 sqft

See all 10 comparables

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Market conditions · East G

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

$940

Rental yield

4.8%

Est. cash flow

-$732

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

$62,709

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

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AI estimate

$230,437

At Market

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