573 Mornington Avenue #302
London East, N5Y 4T9·MLS® X13454466·
Listing courtesy of Century 21 First Canadian Corp·Updated yesterday
Listing price
$229,900
Est. $1,095/mo
Days on market
Listed Jun 17, 2026
Description
Welcome to this beautifully maintained move-in-ready 2-bedroom condo offering exceptional value and convenience. Perfect for first-time buyers, downsizers, or investors, this bright and inviting unit features a functional layout with generous living space and comfortable bedrooms. Enjoy the ease of ,ALL-INCLUSIVE providing predictable monthly expenses and worry-free living. Located in a well-established building close to shopping, schools, parks, public transit, and everyday amenities, this home offers an affordable opportunity to own in a convenient location. Whether you're looking to enter the market, add to your investment portfolio, or simplify your lifestyle, this turnkey condo is ready for its next owner to move in and enjoy. New kitchen counter and bathroom counter to be installed.
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
$2,024
First-time rebate
−$2,024
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
$920
Rental yield
4.8%
Est. cash flow
-$722
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$61,575
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$237,027
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