583 Mornington Avenue #504
London East, N5Y 3E9·MLS® X13622364
Listing courtesy of Royal Lepage Triland Realty·Updated 4 hours ago
Listing price
$229,900
Est. $1,095/mo
Days on market
Listed Jul 30, 2026
Description
Experience the largest two-bedroom floorplan available in Sunrise Condos, offering a great investment and steady rental demand in London East. Unit 504 is a stand-out corner unit with luxury laminate plank flooring throughout the main living areas, a modernized four-piece bathroom, and in-suite storage. The functional, open-concept layout maximizes every square inch. A significant asset to your bottom line: the monthly condo fees include hydro, heat, water, and dedicated surface parking. This utility coverage eliminates variable overhead expenses, delivering highly predictable monthly cash flow for portfolio investors and simplified budgeting for home owners. Located in a high-demand commuter and student hub, residents are steps from major public transit with a direct, minutes-long route straight to Fanshawe College, making it a prime off-campus housing choice. The building is within comfortable walking distance to the extensive shopping and dining options along the Oxford Street commercial corridor, local elementary schools, and neighborhood parks. Whether you are looking to secure a turnkey entry-level home or capitalize on London's robust rental market with a low-maintenance asset, this property delivers immediate practical value and long-term investment viability. Couch/Pullout bed, and queen hydraulic bed are negotiable.
Property details
Basement
None
Parking
1 spaces
Type
Condo Apartment — Apartment
Heating
Baseboard
Property tax
$1,673/yr (2026)
AI property estimate
Automated estimate from recent comparable sales — not a formal appraisal, and not a statement that this listing is priced incorrectly.
63% confidence · 8 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
$2,024
First-time rebate
−$2,024
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
$61,575
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
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AI estimate
$246,507
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbott
Broker
519-859-4579 · colinabbot@gmail.com
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