$215,000
Est. $1,007/mo mortgage
583 Mornington Avenue #504 · London East, N5Y 3E9
MLS® X13622364
Listed Jul 30, 2026
Listing courtesy of Royal Lepage Triland Realty·Updated Sep 12
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.
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Property details
Interior
- Interior
- 900-999 sqft
- Rooms
- 5 rooms
- Bathrooms
- 1 × 4-piece on Flat
- Basement
- None
- Heating
- Baseboard
- Cooling
- Window Unit(s)
- Laundry
- N
Building & lot
- Type
- Condo Apartment, Apartment
- Age
- 51-99 years
- Exterior
- Concrete
- Storeys
- 5
- Exposure
- East
Parking
- Parking
- 1 spaces
- Locker
- None
Fees & taxes
- Condo fee
- $652/mo
- Fee includes
- heat, hydro, water, parking
- Pets
- Yes-with Restrictions
- Property tax
- $1,673/yr (2026)
- Corporation
- MSCC 890
- Managed by
- Larlyn Property Management
Building amenities
Visitor Parking
Rooms
Flat
- Primary Bedroom
- 4.55 × 3.38 m
- Kitchen, Ceramic Floor
- 3.48 × 2.41 m
- Bathroom, 4 Pc Bath
- 2.41 × 1.47 m
- Living Room, combined w/dining, w/o to balcony
- 5.59 × 5.11 m
- Bedroom 2
- 3.48 × 3.43 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 · 40 sold homes within 2 km, by price per sq ft
Location & neighbourhood
DirectionsLondon East, ON
Expansive east London district with parks and a wide range of affordable to mid-range housing.
Monthly paymentest. $2,084/mo all in
Monthly payment estimate
Land transfer tax$1,875 on closing
Ontario LTT
$1,875
First-time rebate
−$1,875
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed 2 times over 1 month · asking price down 10% from the first ask · sold 8% below the final ask
Listed Jul 30, 2026
Listed Aug 4, 2023 · 27 days on market
Aug 31, 2023
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
27 days on the market in total across 2 listings. Each listing carries its own MLS® number, so the days-on-market shown on any single one resets.
Sold comparables nearby
Sold$230,000
808 - 583 MORNINGTON AVE Avenue, London East
Sold$192,500
1105 - 573 Mornington Avenue, London East
See what these 6 homes sold for
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Market conditionsBuyer's market in London East
Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 92.9% of asking.
Avg. sold price
$184,367
Sale-to-list ratio
92.9%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $56,000 household income
Minimum household income required
$56,000
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$1,725/mo median for 2 bed nearby
$1,725/month is the median rent for 2-bedroom homes leased within 3km over the past 12 months, across 75 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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