563 Mornington Avenue #708
London East, N5Y 4T8·MLS® X13194370·
Listing courtesy of Century 21 Mypro Realty·Updated May 27
Listing price
$249,900
Est. $1,190/mo
Days on market
Listed May 27, 2026
Description
Low-maintenance ownership with all-inclusive condo fees covering heat, hydro, and water. Check out this 2 bedroom Sunrise Condo unit on the 7th floor with east facing view. Tons of natural light during the daytime. Extensive renovations completed in 2024/2025, including wood veneer workspace countertops and stunning quartz central island, upgraded Ikea reflective gloss finishes kitchen cabinetry, newer flooring, stylish ceiling light fixtures, and a stainless steel induction stove. Spacious living area with powerful 14,000 BTU air conditioner for enhanced summer comfort. The private balcony boasts high-end polymer board flooring, offering ultimate durability. Well-maintained unit with contemporary finishes throughout. Conveniently located close to shopping, transit, parks, schools, and major amenities. Ideal turnkey investment or affordable home ownership opportunity.
Property details
Basement
None
Parking
1 spaces
Type
Condo Apartment — Apartment
Heating
Baseboard
AI property estimate
82% confidence · 8 comparable sales analysed
Location & neighbourhood
London East, ON
Expansive east London district with parks and a wide range of affordable to mid-range housing.
Monthly payment estimate
Land transfer tax
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
Sold comparables nearby
Sold$140,000
407 - 563 Mornington Avenue, London East
Sold$175,000
1107 - 583 Mornington Avenue, London East
See all 10 comparables
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Market conditions · East G
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
$1,000
Rental yield
4.8%
Est. cash flow
-$763
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$66,110
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$257,647
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