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Homes for Sale in London, Ontario

573 Mornington Avenue #1009

London East, N5Y 4T9·MLS® X13537042·

Listing courtesy of Century 21 First Canadian Corp·Updated 2 hours ago

For sale
1 / 10
1Beds
1Baths
600-699Sqft
31-50Year Built

Listing price

$179,900

Est. $857/mo

Days on market

1

Listed Jul 8, 2026

Description

Attention: First Time Homebuyers and Investors!!! Check out this 10th floor unit, with amazing views of the city and downtown area! The building is next to a city park with nice walking trails. Located close to shopping centres, Fanshawe College, schools and bus transit and is in a safe and convenient location in London. This spacious 1 bedroom apartment has a well thought-out layout and is perfect for young couples or investors looking for an easy to rent, condo. BRAND NEW KITCHEN with quartz countertop just installed with soft closed doors (2026), updated vinyl flooring(2023), painted and clean unit, ready for its new owners. Condo fees include hydro, heat, water, parking, building and land maintenance and insurance. The Condo Corp. will do all of the exterior maintenance, repairs and upgrades! All you have to do is enjoy!

Property details

Basement

None

Parking

1 spaces

Type

Condo Apartment — Apartment

Heating

Baseboard

AI property estimate

$179,625At Market
$159,500$191,613

54% confidence · 8 sold homes within 2 km, by price per sq ft

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)$857
Property tax$195
Insurance (est.)$37
Utilities (est.)$250
Total monthly$1,339

Land transfer tax

Ontario LTT

$1,524

First-time rebate

$1,524

First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.

Price & listing history

Jul 8, 2026Listed
$179,900

Sold comparables nearby

801 - 573 Mornington Avenue, London EastSold

$161,000

801 - 573 Mornington Avenue, London East

1 bd·1 ba·600-699 sqft
1005 - 583 Mornington Avenue, London EastSold

$189,000

1005 - 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

$720

Rental yield

4.8%

Est. cash flow

-$619

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

$50,202

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

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AI estimate

$179,625

At Market

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