$224,900
Est. $1,054/mo mortgage
511 Gainsborough Road #307 · London North, N6G 4Z5
MLS® X13677468
Listed Aug 14, 2026
Listing courtesy of Century 21 First Canadian Corp·Updated Aug 14
Description
Experience carefree living in this beautifully maintained 2-bedroom, 1-bath life lease condo. Thoughtfully designed for comfort and accessibility, the home offers bright living spaces, ample storage, and a warm, welcoming atmosphere. Spend less time on maintenance and more time enjoying the benefits of community living, with shared amenities and convenient access to local shops, dining, and recreational opportunities. A wonderful place to call home for those seeking affordability, security, and a strong sense of belonging.
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Property details
Interior
- Size
- 800-899 sqft
- Rooms
- 6 rooms
- Bathrooms
- 1 × 4-piece on Main
- Basement
- None
- Heating
- Forced Air
- Cooling
- Central Air
- Laundry
- Y
Building & lot
- Type
- Condo Apartment, Apartment
- Age
- 31-50 years
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Storeys
- 3
- Exposure
- South
Parking
- Parking
- 1 spaces
- Locker
- Exclusive
Fees & taxes
- Condo fee
- $772/mo
- Fee includes
- water
- Pets
- No
- Property tax
- $1,819/yr (2026)
- Corporation
- MSCC
- Managed by
- Grace Community Corp
Building amenities
Bike Storage · Car Wash · Community BBQ · Elevator · Game Room · Party Room/Meeting Room
Rooms
Main
- Living Room
- 3.88 × 5.41 m
- Utility Room
- 2.44 × 1.58 m
- Bedroom
- 2.55 × 4.1 m
- Kitchen
- 2.62 × 3.42 m
- Primary Bedroom
- 3.09 × 4.1 m
- Bathroom
- 2.79 × 2.94 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 · 31 sold homes within 2 km, by price per sq ft
Monthly paymentest. $2,258/mo all in
Monthly payment estimate
Land transfer tax$1,974 on closing
Ontario LTT
$1,974
First-time rebate
−$1,974
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed Aug 14, 2026
Sold comparables nearby
Sold$212,500
707 - 931 Wonderland Road, London South
Sold$320,000
507 - 30 Chapman Court, London North
See what these 6 homes sold for
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Market conditionsBuyer's market in Old East Village
Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 97.9% of asking.
Avg. sold price
$253,500
Sale-to-list ratio
97.9%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $59,000 household income
Minimum household income required
$59,000
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$1,850/mo median for 2 bed nearby
$1,850/month is the median rent for 2-bedroom homes leased within 3km over the past 12 months, across 13 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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