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563 MORNINGTON Avenue #302

London East, N5Y 4T8·MLS® X13434094·

Listing courtesy of King Realty INC.·Updated yesterday

For sale
1 / 18
2Beds
1Baths
800-899Sqft
51-99Year Built

Listing price

$255,000

Est. $1,214/mo

Days on market

3

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

$255,000At Market
$239,700$270,300

82% confidence · 4 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)$1,214
Property tax$276
Insurance (est.)$53
Utilities (est.)$250
Total monthly$1,794

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

Jun 11, 2026Listed
$255,000

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

$1,020

Rental yield

4.8%

Est. cash flow

-$774

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

$67,266

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

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AI estimate

$255,000

At Market

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