$219,900
Est. $1,030/mo mortgage
511 Gainsborough Road #328 · London North, N6G 4Z5
MLS® X13590392
Listed Jul 21, 2026
Listing courtesy of Glen Gordon Real Estate LTD.·Updated Sep 16
Description
You'll enjoy living in this community! The GAINSBOROUGH IS UNIQUE! It is a Life Lease Community for adults 55+, allowing affordable & worry-free retirement living! Situated on approximately 5 acres of beautifully landscaped grounds. This unit is the "Windsor" plan with bonus special features: Vaulted ceiling in the living/dining rooms with 'Transom-like windows that let the Natural Light dance throughout the spacious living space. The private balcony faces north overlooking the lovely park-like gardens! This plan has 2 generous size bedrooms, 1 bath, convenient in-suite laundry & storage room. The kitchen is graced with lovely oak cupboards & lots of counter space. The pass-through window opens to the dining area letting in natural light. All 6 appliances included (the kitchen appliances are newer). Some rooms have been virtually staged. Located in a prestigious neighbourhood with easy access to local shops, groceries, restaurants, drug stores, medical offices, public transit & walking trails! It's a wonderful place to live for a social & active lifestyle! This building offers a library and fireside lounge, billiards and ping pong room, Chapel, guest suite, exercise room, workshop, outdoor patios & sitting areas & more! Each unit includes an underground storage locker. There is a car wash station. Grade level open space common parking included. Underground parking available for $50/month - subject to availability. TERRIFIC LOCATION...within walking distance to Sherwood Forest Mall, Aquatic Centre, Lovely nature & bike trails. Close to University Hospital. NOTE: This is a no-pet, cash only community with No Mortgage Options available for Life Lease. This Life lease buildings cannot be mortgaged. For adults 55+, maximum 2 adults per unit, upon approval. No pets or renters allowed. Cash purchase only.
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Property details
Interior
- Size
- 800-899 sqft
- Rooms
- 6 rooms
- Bathrooms
- 1 × 4-piece
- Basement
- None
- Heating
- Forced Air
- Cooling
- Central Air
- Laundry
- Y
Building & lot
- Type
- Condo Apartment, Apartment
- Age
- 16-30 years
- Exterior
- Brick, Stucco (Plaster)
- Foundation
- Concrete
- Exposure
- North
Parking
- Parking
- 1 spaces
- Locker
- Owned
Fees & taxes
- Condo fee
- $772/mo
- Fee includes
- water
- Pets
- No
- Property tax
- $1,755/yr (2025)
- Corporation
- GCC
- Managed by
- Grace Community Corp
Building amenities
Car Wash · Community BBQ · Elevator · Guest Suites · Exercise Room · Game Room
Rooms
Flat
- Living Room, Vaulted Ceiling(s)
- 5.48 × 3.99 m
- Primary Bedroom
- 4.145 × 3.048 m
- Bedroom
- 3.413 × 2.59 m
- Laundry
- 2.43 × 1.52 m
- Kitchen
- 3.627 × 2.712 m
- Foyer
- 2.74 × 1.25 m
AI property estimate
Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.
79% confidence · 31 sold homes within 2 km, by price per sq ft
Location & neighbourhood
DirectionsLondon North, ON
Residential neighbourhood bordering Western University, popular with faculty and professionals.
Monthly paymentest. $2,231/mo all in
Monthly payment estimate
Land transfer tax$1,924 on closing
Ontario LTT
$1,924
First-time rebate
−$1,924
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed Jul 21, 2026
Sold comparables nearby
Sold$212,500
707 - 931 Wonderland Road, London South
Sold$320,000
507 - 30 Chapman Court, London North
See what these 6 homes sold for
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Market conditionsBuyer's market in University Heights
Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 97.9% of asking.
Avg. sold price
$253,500
Sale-to-list ratio
97.9%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $58,000 household income
Minimum household income required
$58,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Ask Colin →Rental market$1,850/mo median for 2 bed nearby
$1,850/month is the median rent for 2-bedroom homes leased within 3km over the past 12 months, across 13 leases.
What comparable homes actually leased for, not an estimate of what this one would rent for. Rent depends on condition, finishes and timing in ways this figure cannot see.
Similar Listings
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
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