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For sale
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$289,900

Est. $1,358/mo mortgage

2bd·2ba·1,200-1,399sqft

511 Gainsborough Road #203 · London North, N6G 4Z5

MLS® X13613874

58 days on market58 days on market

Listed Jul 28, 2026

Listing courtesy of Cove Real Estate Brokerage LTD.·Updated Aug 24

Description

Welcome to The Gainsborough, one of London's most sought-after 55+ life lease communities, known for its welcoming atmosphere, friendly neighbours and strong sense of community. This beautifully maintained 2 Bedroom, 2 Bathroom suite features the largest floor plan in the building, desirable southwest exposure, a bright Sunroom overlooking mature trees, in-suite laundry and available underground parking. The spacious Living and Dining areas provide an ideal setting for relaxing or entertaining, while the well-appointed Kitchen offers plenty of workspace and storage. The generous Primary Bedroom is complemented by a second Bedroom that is perfect for guests, a home office or additional living space. The thoughtfully designed layout offers exceptional comfort and functionality throughout. Residents enjoy a secure, well-managed building with an exercise room, library, games room, party room, woodworking shop, two guest suites, community BBQ and car wash, creating plenty of opportunities to stay active, connect with neighbours and enjoy an easy, low-maintenance lifestyle. Exceptional value and worry-free ownership. Shopping, restaurants, parks, walking trails, public transit and everyday essentials are all just minutes away, making this an excellent opportunity for those looking to enjoy a vibrant community in a highly desirable North London neighbourhood. See multimedia link for 3D walkthrough tour and floor plan.

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Property details

Interior

Size
1200-1399 sqft
Rooms
7 rooms
Bathrooms
1 × 4-piece on Main, 1 × 2-piece on Main
Basement
None
Heating
Forced Air
Cooling
Central Air
Laundry
Y

Building & lot

Type
Condo Apartment, Apartment
Age
31-50 years
Exterior
Brick, Concrete
Roof
Shingles
Storeys
2
Exposure
South West

Parking

Parking
2 spaces
Locker
Owned

Fees & taxes

Condo fee
$894/mo
Fee includes
water, parking
Pets
No
Property tax
$2,106/yr (2026)
Corporation
GCC
Managed by
Larlyn

Building amenities

Car Wash · Community BBQ · Elevator · Exercise Room · Visitor Parking · Guest Suites

Rooms

Main

Sunroom, Laminate
3.04 × 2.06 m
Laundry
2.76 × 2.35 m
Primary Bedroom, Walk-In Closet(s)
5.71 × 4.16 m
Kitchen, Granite Counters
5.38 × 2.39 m
Bathroom, 2 Pc Bath
2.14 × 0.93 m
Bathroom, 4 pc bath, granite counters
3.23 × 2.14 m
Living Room, laminate, gas fireplace
5.49 × 4.33 m
Dining Room, Laminate
5.55 × 1.93 m
Bedroom 2
3.07 × 2.74 m

AI property estimate

$279,236Estimate is ~3.7% below asking

Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.

$251,312$307,160

75% confidence · 31 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
University Heights

London North, ON

Residential neighbourhood bordering Western University, popular with faculty and professionals.

Monthly paymentest. $2,737/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$1,358
Property tax$175
Insurance (est.)$60
Utilities (est.)$250
Condo fee$894
Total monthly$2,737
Land transfer tax$2,824 on closing

Ontario LTT

$2,824

First-time rebate

$2,824

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

Price & listing history

$289,900

Listed Jul 28, 2026

On the market

Sold comparables nearby

707 - 931 Wonderland Road, London SouthSold

707 - 931 Wonderland Road, London South

1 bd·1 ba·600-699 sqft
507 - 30 Chapman Court, London NorthSold

507 - 30 Chapman Court, London North

2 bd·2 ba·1,000-1,199 sqft

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.

Buyer's marketBalancedSeller's market

Avg. sold price

$253,500

Sale-to-list ratio

97.9%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $74,000 household income

Minimum household income required

$74,000

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.

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Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

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