$269,900
Est. $1,264/mo mortgage
1588 Ernest Avenue #306 · London South, N6E 2S7
MLS® X13836142
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
Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.
84% confidence · 40 sold homes within 2 km, by price per sq ft
Location & neighbourhood
DirectionsLondon 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
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
Listed Sep 28, 2026
Listed Mar 13, 2023 · 39 days on market
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
Sold$190,000
46 - 140 Conway Drive, London South
Sold$235,000
135 - 1096 Jalna Boulevard, London South
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.
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.
Similar Listings
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
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