563 Mornington Avenue #1004
London East, N5Y 4T8·MLS® X13618548
Listing courtesy of Re/max Centre City Realty INC.·Updated 2 hours ago
Listing price
$159,900
Est. $762/mo
Days on market
Listed Jul 29, 2026
Description
Excellent Value - Low-Priced Unit on the Market! Don't miss this incredible opportunity to own one of the cheapest condo currently available, offering outstanding value without compromising on condition. This super clean, well-maintained two-bedroom apartment features over 880 square feet of comfortable living space on the 10th floor. Enjoy breathtaking panoramic views of downtown London and the Forest City skyline from your elevated vantage point. The spacious layout provides generous room sizes, making it an ideal option for first-time buyers, downsizers, or investors. If you're looking for an affordable, move-in-ready condo with amazing views, excellent condition, and unbeatable value, this is the one you've been waiting for.
Property details
Basement
[None]
Parking
1 spaces
Type
Condo Apartment — [1 Storey/Apt]
Heating
Baseboard
Property tax
$1,676/yr (2025)
AI property estimate
Automated estimate from recent comparable sales — not a formal appraisal, and not a statement that this listing is priced incorrectly.
68% confidence · 7 sold homes within 2 km, by price per sq ft
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
$1,324
First-time rebate
−$1,324
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Sold comparables nearby
Sold$182,800
307 - 573 MORNINGTON Avenue, London East
Sold$161,000
801 - 573 Mornington Avenue, London East
See all 6 sold comparables
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Market conditions · East G
Avg. sold price
$164,633
Sale-to-list ratio
94.4%
Based on 6 recent comparable sales near this home.
Affordability
Minimum household income required
$45,667
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Not sure about financing? Ask Colin →Similar Listings
AI estimate
$220,562
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbott
Broker
519-859-4579 · colinabbot@gmail.com
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