511 Gainsborough Road #327 · London, N6G 4Z5
MLS® X13775544
Listed Sep 11, 2026
Listing courtesy of Re/max Icon Realty·Listing last changed Oct 11
Key facts
- Property type
- Condo apt
- Square footage
- 800-899 sqft
- Storeys
- 3
- Age
- 16-30 years
- Parking
- 1 space
- Property tax
- $1,819/yr (2025)
Description
Welcome to The Gainsborough, a unique 55+ life lease community offering comfortable, convenient and welcoming independent living. This bright and well-maintained 2 bedroom, 1 bathroom suite offers approximately 885 sq. ft. of comfortable living space and features a south-facing balcony and vaulted ceilings in the living/dining area, creating an open and airy feel. This unit is completely carpet free, with hard surface flooring throughout the main living areas and easy transitions between rooms for added convenience. The air conditioning was replaced in spring of 2026. The updated kitchen features freshly painted cabinetry, new hardware and a stylish backsplash. The bathroom offers a convenient tub/shower cutout designed to make entry and exit easier and provide added convenience. Residents of The Gainsborough enjoy an impressive selection of amenities designed to encourage an active, social and connected lifestyle, including a woodworking room, library, exercise room, billiards, ping pong, fireside lounge, hair salon, chapel, outdoor patios and comfortable seating. Enjoy the convenience of being within walking distance to Sherwood Forest Mall, The Aquatic Centre, nature and bike trails, with University Hospital also nearby. The purchase includes an exclusive underground storage locker and one surface level parking space. Underground parking is $50 a month and subject to availability. The Gainsborough is a 55+ community. Maximum 2 adults per unit. No pets and no rentals are permitted. Please note that life lease purchases are cash only, with no mortgage financing available.
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Property details
Interior
- Size
- 800-899 sqft
- Rooms
- 6 rooms
- Bathrooms
- 1 × 4-piece
- Basement
- None
- Heating
- Forced Air
- Cooling
- Central Air
- Ensuite laundry
- Yes
Building & lot
- Type
- Condo apt, Apartment
- Age
- 16-30 years
- Exterior
- Brick, Stucco (Plaster)
- Storeys
- 3
- Exposure
- North South
Parking
- Parking
- 1 space
- Locker
- Exclusive
Fees & taxes
- Condo fee
- $772/mo
- Fee includes
- water
- Pets
- No
- Property tax
- $1,819/yr (2025)
- Corporation
- GCC
- Managed by
- Grace Community Corp
Rooms
Flat
- Primary Bedroom
- 3.05 × 4.27 m
- Laundry
- 2.44 × 1.52 m
- Foyer
- 2.74 × 1.25 m
- Living Room, Vaulted Ceiling(s)
- 3.96 × 5.49 m
- Kitchen, updated, backsplash
- 3.63 × 2.71 m
- Bedroom
- 2.62 × 3.58 m
Estimated value range
$213K to $236K
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
DirectionsLondon North, ON
Established northwest neighbourhood with mature trees and convenient access to Hyde Park.
Schools nearbyclosest is Sir Frederick Banting Secondary School, 640 m
Elementary
- 6.7
Emily Carr Public School
810 m · Grades JK-8
Thames Valley District School Board
- 8.2
Orchard Park Public School
1.2 km · Grades JK-8
Thames Valley District School Board
- 5.7
Wilfrid Jury Public School
1.3 km · Grades JK-8
Thames Valley District School Board
Secondary
- 5.7
Sir Frederick Banting Secondary School
640 m · Grades 9-12
Thames Valley District School Board
- 5.5
St. Andre Bessette Secondary School
2.2 km · Grades 9-12
London District Catholic School Board
Distances are straight-line from this address. School boards set their own attendance areas and do not publish them, so a school listed here is not a guarantee of placement. Confirm with the board before you rely on it.
Monthly paymentest. $2,273/mo all in
Monthly payment estimate
Land transfer tax$1,970 on closing
Ontario LTT
$1,970
First-time rebate
−$1,970
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed Sep 11, 2026
Sold comparables nearby
Sold328 - 511 Gainsborough Road, London North
Sold707 - 931 Wonderland Road, London South
See what these 6 homes sold for
Create a free account to see sold prices and comparable sales.
Market conditionsBuyer’s market in London
6.6 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 97.9% of asking.
Avg. sold price
$241,817
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, this home's listed property tax and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Ask Colin →Rental market$1,800/mo median for 2 bed nearby
$1,800/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.
Colin Abbot, Broker
Oak and Key Real Estate Brokerage Inc.
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Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
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Colin Abbot, Broker, Westwood Realty Team
Oak and Key Real Estate Brokerage Inc., Brokerage, 490 Melcrest Road, London, ON N6J 3T1, Phone: (226) 212-5099
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