624 Mornington Avenue
London East, N5Y 3G1·MLS® X13430226·
Listing courtesy of Thrive Realty Group INC.·Updated 23 hours ago
Listing price
$389,000
Est. $1,853/mo
Days on market
Listed Jun 11, 2026
Description
Welcome to 624 Mornington Avenue, a practical and affordable opportunity for first-time buyers, investors, or anyone looking to build equity through homeownership rather than renting. This semi-detached 3-bedroom home offers a bright main floor, functional layout, and spacious living and dining areas. The home has been well maintained over the years, with updates including flooring, trim, doors, paint, and bathroom improvements. The basement provides ample storage space and houses the laundry area. Conveniently located near Fanshawe College, public transit, schools, parks, and shopping, you'll find groceries, restaurants, fitness facilities, and other everyday amenities just steps away at Oxbury Centre. Down payment holding you back? See if you qualify for London's Homeownership Assistance Program, where eligible buyers could get an interest-free forgivable loan of 5%. Whether you're entering the market, adding to your investment portfolio, or looking for an affordable place to call home, this property is worth a look.
Property details
Basement
Full
Parking
2 spaces
Type
Semi-Detached — Bungalow
Heating
Forced Air
AI property estimate
82% confidence · 4 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
$4,310
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Sold comparables nearby
Sold$400,000
277 Fleming Drive, London East
Sold$400,000
89 Cecilia 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
$1,556
Rental yield
4.8%
Est. cash flow
-$1,049
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$97,692
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$373,440
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