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$169,900

Est. $796/mo mortgage

1bd·1ba·600-699sqft

563 MORNINGTON Avenue #606 · London East, N5Y 4T8

MLS® X13659884

47 days on market47 days on market

Listed Aug 10, 2026

Listing courtesy of Newgen Realty Experts·Updated Aug 11

Description

Welcome to this spacious 1-bedroom unit featuring a large private balcony with beautiful views-the perfect spot to enjoy your morning coffee or unwind while watching the evening sunset. New Laminate Flooring. Located in a Family-friendly Neighborhood surrounded by Mature Trees and Green spaces, this well-maintained home offers a peaceful and welcoming atmosphere. The unit features a well-maintained kitchen, generously sized family room, comfortable bedroom, and a 3-piece bathroom.Enjoy the convenience of being within walking distance to shopping, restaurants, and everyday amenities at the corner of Oxford Street and Highbury Avenue. With easy access to Fanshawe College, public transit, and major routes, this property is an excellent choice for first-time buyers, students, professionals, or investors.Condo Fee: $508,66/month, Includes: Heat, Hydro, and Water.Don't miss this fantastic opportunity to own a spacious and affordable unit in a sought-after location!

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Property details

Interior

Size
600-699 sqft
Rooms
5 rooms
Bathrooms
1 × 4-piece on Flat
Basement
None
Heating
Baseboard
Cooling
Other
Laundry
N

Building & lot

Type
Condo Apartment, Apartment
Age
31-50 years
Exterior
Concrete
Storeys
6
Exposure
South

Parking

Parking
1 spaces
Locker
None

Fees & taxes

Condo fee
$509/mo
Fee includes
heat, hydro, water
Pets
Yes-with Restrictions
Property tax
$1,375/yr (2025)
Corporation
MSCP 890
Managed by
Larlyn Property Management

Rooms

Flat

Living Room, Laminate
5.8 × 3.6 m
Kitchen, Ceramic Floor
3.5 × 2.1 m
Dining Room, Laminate
3.6 × 3 m
Bedroom, Laminate
3.9 × 3 m

AI property estimate

$161,000Estimate is ~5.2% below asking

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

$144,900$177,100

87% confidence · 40 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
Argyle →

London East, ON

Expansive east London district with parks and a wide range of affordable to mid-range housing.

Monthly paymentest. $1,692/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$796
Property tax$102
Insurance (est.)$35
Utilities (est.)$250
Condo fee$509
Total monthly$1,692
Land transfer tax$1,424 on closing

Ontario LTT

$1,424

First-time rebate

−$1,424

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

Price & listing history

$169,900

Listed Aug 10, 2026

On the market

Sold comparables nearby

808 - 583 MORNINGTON AVE Avenue, London EastSold

808 - 583 MORNINGTON AVE Avenue, London East

2 bd·1 ba·800-899 sqft
1105 - 573 Mornington Avenue, London EastSold

1105 - 573 Mornington Avenue, London East

1 bd·1 ba·600-699 sqft

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.

Buyer's marketBalancedSeller's market

Avg. sold price

$184,367

Sale-to-list ratio

92.9%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $46,000 household income

Minimum household income required

$46,000

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$1,298/mo median for 1 bed nearby

$1,298/month is the median rent for 1-bedroom homes leased within 3km over the past 12 months, across 46 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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