563 Mornington Avenue #508
London East, N5Y 4T8·MLS® X13515038·
Listing courtesy of Comfree·Updated 6 hours ago
Listing price
$239,900
Est. $1,143/mo
Days on market
Listed Jul 2, 2026
Description
Spacious and beautifully updated 2-bedroom condo. Features include 1 full bathroom with sink, toilet, and bathtub/shower combination, plus extra shelving in bedroom closets for added storage and organization. The kitchen and bathroom have been fully renovated, complemented by new flooring throughout and modern light fixtures. Condo fees include all utilities for added convenience. The building offers controlled entry and recently upgraded fire system for enhanced safety and peace of mind. Ideally located in a highly desirable area within walking distance to Fanshawe College and just minutes from shopping, dining, public transit, parks, and quick access to Highway 401.
Property details
Garage
1 car Surface
Basement
None
Parking
1 spaces
Type
Condo Apartment — 1 Storey/Apt
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
$2,124
First-time rebate
−$2,124
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Sold comparables nearby
Sold$161,000
801 - 573 Mornington Avenue, London East
Sold$189,000
1005 - 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
$960
Rental yield
4.8%
Est. cash flow
-$742
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$63,843
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$247,337
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