511 Gainsborough Road #113
London North, N6G 4Z5·MLS® X13626038
Listing courtesy of Keller Williams Lifestyles·Updated 4 hours ago
Listing price
$184,900
Est. $881/mo
Days on market
Listed Jul 31, 2026
Description
Welcome to the Gainsborough! This is a unique Life Lease Community for adults 55+. Discover comfort and convenience in this stylish main floor 1-bedroom, 1 bathroom condo with balcony. Perfectly designed for modern living, this unit offers a well-appointed layout with neutral finishes throughout. The open concept living and dining area is spacious, offering plenty of natural light and a warm, inviting atmosphere with plenty of windows. The updated kitchen features built-in appliances with ample cabinet and counter space ideal for preparing meals or entertaining guests. The spacious bedroom offers a peaceful retreat, complete with a generous closets for all your storage needs. The 4 pc. bathroom is very spacious and functional with in unit laundry. Located in a desirable neighborhood, this unit provides easy access to local shops, restaurants, and public transportation, making it the ideal spot for city living. Building offers woodworking room, library, exercise room, billiards room, ping pong, fireside lounge, hair salon, chapel, guest suites, outdoor patios and sitting space. Each unit includes an exclusive underground storage locker, with open surface parking included and underground parking available for $50/month (subject to availability). Located within walking distance of the scenic nature trails, Sherwood Forest Mall, Aquatic Centre, public transit, and close to University Hospital. This community is ideal for an active and social lifestyle. Please note that this is a no-pet, cash-purchase-only community with no mortgage options available for life lease. All appliances included! Cash purchase only, a Life lease building cannot be mortgaged. For Adults 55 plus. Maximum of 2 adults per unit. No Pets & No Renters allowed.
Property details
Basement
None
Parking
1 spaces
Type
Condo Apartment — Apartment
Heating
Heat Pump
Property tax
$1,386/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.
59% confidence · 10 sold homes within 2 km, by price per sq ft
Location & neighbourhood
London North, ON
Residential neighbourhood bordering Western University, popular with faculty and professionals.
Monthly payment estimate
Land transfer tax
Ontario LTT
$1,574
First-time rebate
−$1,574
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed Jul 31, 2026
Sold comparables nearby
Sold$200,000
215 - 511 Gainsborough Road, London North
Sold$286,000
407 - 30 Chapman Court, London North
See all 6 sold comparables
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Market conditions · University Heights
Avg. sold price
$272,333
Sale-to-list ratio
94.6%
Based on 6 recent comparable sales near this home.
Affordability
Minimum household income required
$51,373
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Not sure about financing? Ask Colin →Similar Listings
AI estimate
$253,800
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbott
Broker
519-859-4579 · colinabbot@gmail.com
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