563 MORNINGTON Avenue #302
London East, N5Y 4T8·MLS® X13434094·
Listing courtesy of King Realty INC.·Updated yesterday
Listing price
$255,000
Est. $1,214/mo
Days on market
Listed Jun 11, 2026
Description
Welcome to this well-maintained 2-bedroom unit, offering a bright and functional living space with a 3-piece bathroom and a practical kitchen. Condo fee covers all the utility bills. Enjoy the natural light throughout. Living room with ceramic tile and laminate flooring adding to the clean and modern feel. Step out onto your private terrace to take in the fresh air and beautiful evening sunsets perfect for relaxing or entertaining. Located in a convenient area close to Fanshawe College, public transit, and shopping, this unit is ideal for students, professionals, or investors. The building is pet and BBQ friendly and includes one parking space plus visitor parking. Additional amenities include security cameras, laundry room, and an on-site management office for peace of mind. Don't miss the chance to view and own this charming, move-in-ready unit!
Property details
Basement
None
Parking
1 spaces
Type
Condo Apartment — Apartment
Heating
Baseboard
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
$2,300
First-time rebate
−$2,300
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
$1,020
Rental yield
4.8%
Est. cash flow
-$774
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$67,266
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$255,000
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