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For sale
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$359,900

Estimated value $342K–$378K

Est. $1,686/mo mortgage

2bd·2ba·1,400-1,599sqft

7 Picton Street #501 · London East, N6A 3P8

MLS® X13682420

47 days on market47 days on market

Listed Aug 17, 2026

Listing courtesy of Blue Forest Realty INC.·Updated Aug 17

Description

Beautifully updated, south-west-facing corner unit in one of downtown's most desirable locations! Just steps to Victoria Park, City Hall & Richmond Row to enjoy the restaurants,bars and all the city has to offer. This condo offers 1,429 sq. ft. of luxury living space with breathtaking views and sunsets right from your living room. Featuring 2 spacious bedrooms, 2 full bathrooms, and a large living room with 2 bay windows that will be the heart of the home. This meticulously maintained unit is truly one-of-a-kind. Primary bedroom with walk-in closet and new ensuite (2024). Good size second bedroom ideal for guests or roommates with its own renovated bathroom (2024). Located in a prestigious downtown building, this rare opportunity combines luxury, lifestyle, and location all in one. Enjoy your access to exclusive rooftop patio with panoramic views, indoor swimming pool and hot tub, fitness centre, sauna, party room and convenient underground parking all covered with condo fees including water and CAC. A move-in ready unit offering style, space, and unbeatable downtown convenience. Close to all amenities including: Canada Life Place, Covent Garden Market, GrandTheatre, medical, banking, London Central Secondary School, public transit, Thames Rivertrails and much more. A great opportunity to live in the heart of it all.

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Property details

Interior

Size
1400-1599 sqft
Rooms
5 rooms
Bathrooms
1 × 4-piece, 1 × 3-piece
Basement
None
Heating
Baseboard
Cooling
Central Air
Laundry
N

Building & lot

Type
Condo Apartment, Multi-Level
Age
31-50 years
Exterior
Brick
Foundation
Poured Concrete
Storeys
5
Exposure
South West

Parking

Garage
1 car Underground
Parking
1 spaces
Locker
None

Fees & taxes

Condo fee
$995/mo
Fee includes
water
Pets
Yes-with Restrictions
Property tax
$3,638/yr (2025)
Corporation
MCC 92
Managed by
High Point Property Management

Building amenities

Elevator · Exercise Room · Indoor Pool · Party Room/Meeting Room · Rooftop Deck/Garden · Visitor Parking

Rooms

Flat

Kitchen
2.67 × 2.41 m
Primary Bedroom, 3 pc ensuite, walk-in closet(s), bay window
5.41 × 3.73 m
Bedroom, Laminate
5.16 × 3.14 m
Dining Room, bay window, combined w/living, laminate
2.41 × 3.73 m
Living Room, bay window, laminate, sw view
7.41 × 6.64 m

Estimated value range

$342K–$378K

An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.

Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.

Location & neighbourhood

Directions
Downtown London →

London East, ON

Urban core with condos, restaurants, and transit access.

Monthly paymentest. $3,223/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$1,686
Property tax$217
Insurance (est.)$75
Utilities (est.)$250
Condo fee$995
Total monthly$3,223
Land transfer tax$3,874 on closing

Ontario LTT

$3,874

First-time rebate

−$3,874

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

Price & listing history

$359,900

Listed Aug 17, 2026

On the market

Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.

Sold comparables nearby

2201 - 389 Dundas Street, London EastSold

2201 - 389 Dundas Street, London East

2 bd·2 ba·1,400-1,599 sqft
1104 - 505 Talbot Street, London EastSold

1104 - 505 Talbot Street, London East

1 bd·1 ba·900-999 sqft

See what these 6 homes sold for

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Market conditionsBuyer's market in Downtown London

Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 95.4% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$309,817

Sale-to-list ratio

95.4%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $91,000 household income

Minimum household income required

$91,000

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 96 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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