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Homes for Sale in London, Ontario

573 MORNINGTON Avenue #907

London East, N5Y 4T9·MLS® X13559304·

Listing courtesy of Century 21 Property Zone Realty INC.·Updated 3 hours ago

For sale
1 / 32
1Beds
1Baths
600-699Sqft
Year Built

Listing price

$190,000

Est. $905/mo

Days on market

2

Listed Jul 13, 2026

Description

Freshly painted and move-in ready 1 bedroom plus den condo featuring laminate flooringthroughout, a modern kitchen with stainless steel appliances, and an updated bathroom. Openeast-facing balcony offers excellent natural sunlight. Loads of storage space, privateexclusive parking spot, and secured building access. Low condo fees and taxes with heat, hydro,and water included. Excellent opportunity for first-time buyers or investors!

Property details

Basement

None

Parking

2 spaces

Type

Common Element Condo — Apartment

Heating

Baseboard

AI property estimate

$175,000Below Market
$156,500$196,838

52% confidence · 6 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)$905
Property tax$206
Insurance (est.)$40
Utilities (est.)$250
Total monthly$1,401

Land transfer tax

Ontario LTT

$1,625

First-time rebate

$1,625

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

Price & listing history

Jul 13, 2026Listed
$190,000

Sold comparables nearby

907 - 563 Mornington Avenue, London EastSold

$160,000

907 - 563 Mornington Avenue, London East

1 bd·1 ba·700-799 sqft

See all 5 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

$760

Rental yield

4.8%

Est. cash flow

-$641

Cap rate

3.2%

Best time to sell

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Peak
Good
Average

Affordability

Minimum household income required

$52,528

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

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AI estimate

$175,000

Below Market

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