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573 Mornington Avenue #705

London East, N5Y 4T9·MLS® X13704724

Listing courtesy of Oak And Key Real Estate·Updated 3 hours ago

Listing price

$240,000

Est. $1,143/mo

Days on market

1

Listed Aug 23, 2026

For sale
1 / 14
1bd·1ba·600-699sqft·51–99 yearsold

Description

Welcome to this beautifully updated 1-bedroom, 1-bathroom condo offering comfortable, low-maintenance living in a convenient location. The bright and inviting unit features a modern kitchen with soft-close cabinetry, quartz countertops, double sink with contemporary faucet, and three stainless steel appliances, including a dishwasher and range hood. Luxury vinyl flooring flows throughout, while the renovated bathroom features floor-to-ceiling porcelain tile, a new bathtub, vanity, and updated fixtures. A spacious 4' x 5' storage closet provides valuable additional storage. Enjoy the outdoors from the generously sized private balcony, with gas BBQs permitted. The condo fee of $508.66/month includes heat, hydro, and one assigned parking space, making monthly expenses easy to manage. The complex has also undergone numerous updates, including newer windows, patio doors, balcony railings, hallway flooring and lighting, refreshed paint, updated lobbies, and a common laundry room conveniently located on the main floor. With a bus stop directly in front of the complex and Fanshawe College, Oxbury Mall, shopping, restaurants, and everyday amenities just minutes away, this property is an excellent option for first-time buyers, students, downsizers, or investors. The unit will be vacant at the end of August and is available for immediate possession thereafter.

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Property details

Type
Condo Apartment — Apartment
Age
51-99 years
Interior
600-699 sqft
Rooms
7 rooms
Bathrooms
1 × 4-piece on Flat
Basement
None
Heating
Baseboard
Cooling
None
Exterior
Stucco (Plaster)
Roof
Flat
Parking
1 spaces
Condo fee
$509/mo
Property tax
$1,416/yr (2026)

Rooms

Flat

Dining Room
3.35 × 3.15 m
Kitchen stainless steel appl, b/i dishwasher, double sink
2.41 × 2.74 m
Other
1.22 × 1.52 m
Bathroom
2.1 × 1.4 m
Bedroom
3.84 × 3.43 m
Foyer Large Closet
2.54 × 1.42 m
Living Room Sliding Doors
5.59 × 3.45 m

Location & neighbourhood

Argyle

London East, ON

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

Monthly paymentMortgage, tax and fees

Monthly payment estimate

Mortgage (5.24%, 25yr)$1,143
Property tax$260
Insurance (est.)$50
Utilities (est.)$250
Total monthly$1,703
Land transfer taxOne-time, on closing

Ontario LTT

$2,125

First-time rebate

$2,125

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

Price & listing history

$240,000

Listed Aug 23, 2026

On the market

Sold comparables nearby

1004 - 563 Mornington Avenue, London EastSold

$159,900

1004 - 563 Mornington Avenue, London East

2 bd·1 ba·800-899 sqft
302 - 573 Mornington Avenue, London EastSold

$180,000

302 - 573 Mornington Avenue, London East

2 bd·1 ba·800-899 sqft

See what these 6 homes sold for

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Market conditionsLondon East · last 90 days
Buyer's marketBalancedSeller's market

Avg. sold price

$168,783

Sale-to-list ratio

93.9%

Based on 6 recent comparable sales near this home.

AffordabilityWhat income this home needs

Minimum household income required

$63,865

Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.

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CA

Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

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