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$269,900

Est. $1,264/mo mortgage

2bd·1ba·700-799sqft

1588 Ernest Avenue #306 · London South, N6E 2S7

MLS® X13836142

2 days on market2 days on market

Listed Sep 28, 2026

Listing courtesy of Re/max Icon Realty·Updated 9 hours ago

Description

An affordable opportunity in the heart of White Oaks, this well-kept 2-bedroom condo is a great option for first-time buyers, or investors looking for a rental property in a convenient London location. The unit offers a bright, functional layout with an open-concept living and dining area and access to a large private balcony. Recent improvements include fresh paint throughout, updated trim, and new carpeting in both bedrooms. The kitchen has also been refreshed with new countertops, sink, faucet, and plumbing, while the bathroom features an updated vanity, toilet, and flooring. Condo fees are an affordable $481.44 per month and include heat and water, helping to keep monthly expenses predictable. The building has benefited from a number of improvements over the years, including newer windows and roof, balcony painting, and updates to the parking lot and common hallways. The location makes everyday living easy, with schools, grocery stores, restaurants, White Oaks Mall, White Oaks Community Centre, public transit, and other amenities all nearby. Whether you're looking for an affordable place to call your own or an addition to your investment portfolio, this move-in-ready condo offers plenty of potential in an established neighbourhood. The window air-conditioning unit is included in "as-is" condition. The dishwasher is also included in "as-is" condition, as the current owner has not used it.

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Property details

Interior

Size
700-799 sqft
Rooms
7 rooms
Bathrooms
1 × 4-piece
Basement
None
Heating
Baseboard
Cooling
Window Unit(s)
Laundry
N

Building & lot

Type
Condo Apartment, Apartment
Exterior
Brick
Storeys
3
Exposure
South

Parking

Parking
1 spaces
Locker
None

Fees & taxes

Condo fee
$481/mo
Fee includes
heat, water, parking
Pets
Yes-with Restrictions
Property tax
$1,140/yr (2026)
Corporation
MCP 446
Managed by
Larlyn Property Management

Rooms

Main

Utility Room
1.6 × 1.14 m
Living Room
4.19 × 3.63 m
Dining Room
2.52 × 2.77 m
Bedroom
3.15 × 3.48 m
Bathroom
2.67 × 1.5 m
Primary Bedroom
3.96 × 3.51 m
Kitchen
2.85 × 2.26 m

AI property estimate

$215,287Estimate is ~20.2% below asking

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

$193,758$236,816

84% confidence · 40 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
White Oaks →

London South, ON

Large south London neighbourhood anchored by White Oaks Mall with diverse housing and strong transit.

Monthly paymentest. $2,214/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$1,264
Property tax$163
Insurance (est.)$56
Utilities (est.)$250
Condo fee$481
Total monthly$2,214
Land transfer tax$2,524 on closing

Ontario LTT

$2,524

First-time rebate

−$2,524

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

Price & listing history

Listed 2 times over 1 month · asking price down 6% from the first ask · sold 5% below the final ask

$269,900↓ 6%

Listed Sep 28, 2026

On the market
$287,500

Listed Mar 13, 2023 · 39 days on market

Sold

Apr 21, 2023

39 days on the market in total across 2 listings. Each listing carries its own MLS® number, so the days-on-market shown on any single one resets.

Sold comparables nearby

46 - 140 Conway Drive, London SouthSold

46 - 140 Conway Drive, London South

2 bd·1 ba·800-899 sqft
135 - 1096 Jalna Boulevard, London SouthSold

135 - 1096 Jalna Boulevard, London South

2 bd·1 ba·800-899 sqft

See what these 6 homes sold for

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Market conditionsBuyer's market in White Oaks

Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 92.4% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$221,833

Sale-to-list ratio

92.4%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $69,000 household income

Minimum household income required

$69,000

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$1,625/mo median for 2 bed nearby

$1,625/month is the median rent for 2-bedroom homes leased within 3km over the past 12 months, across 14 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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