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For sale
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$389,900

Est. $1,827/mo mortgage

3bd·2ba·1,200-1,399sqft

511 Admiral Drive #61 · London East, N5V 4R4

MLS® X13840366

1 day on marketListed yesterday

Listed Sep 29, 2026

Listing courtesy of Re/max Centre City Realty INC.·Updated 2 hours ago

Description

Welcome to Unit 61 at 511 Admiral Drive, a well-cared-for 3-bedroom, 1.5-bath condo-townhouse offering three finished levels and a location that could be especially appealing to busy professionals, frequent travellers, commuters, families, and anyone looking for the convenience of low-maintenance living. Tucked toward the back of this mature, well-kept complex, the main floor features a bright living room, a dedicated dining area, and a functional kitchen with quartz countertops and a reverse-osmosis drinking-water tap. Upstairs are three bedrooms and a full 4-piece bathroom, providing plenty of flexibility for a family, guests or a home office. The finished lower level adds a spacious recreation room, laundry area and additional storage, while the private rear deck provides a comfortable outdoor space to relax or enjoy the warmer months. Ample visitor parking is conveniently located nearby, and additional features include central air and an alarm system. The home has also been pet-free and smoke-free. Location is one of the standout advantages here. Situated just off Veterans Memorial Parkway, the property offers convenient access to Highway 401 and London International Airport, making it an attractive home base for those who travel regularly, commute for work or simply value being well connected to the city and beyond. Shopping, transit and everyday amenities are also within convenient reach. Whether you're a first-time buyer, a family looking for three bedrooms and additional finished living space, a downsizer wanting less exterior maintenance, or a frequent traveller looking for a comfortable lock-and-leave home base, Unit 61 offers a combination of space, convenience and location that's worth a closer look.

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Property details

Interior

Size
1200-1399 sqft
Rooms
7 rooms
Bathrooms
1 × 4-piece on Second, 1 × 2-piece on Main
Basement
Partially Finished, Full
Heating
Forced Air
Cooling
Central Air
Laundry
Y

Building & lot

Type
Condo Townhouse, 2-Storey
Exterior
Brick
Storeys
1
Exposure
North

Parking

Parking
1 spaces
Locker
None

Fees & taxes

Condo fee
$326/mo
Fee includes
parking
Pets
Yes-with Restrictions
Property tax
$2,246/yr (2025)
Corporation
MSCC 252
Managed by
Dickenson Condo Management

AI property estimate

$359,583Estimate is ~7.8% below asking

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

$323,625$395,541

78% confidence · 40 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
London East →

London East, ON

Monthly paymentest. $2,719/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$1,827
Property tax$235
Insurance (est.)$81
Utilities (est.)$250
Condo fee$326
Total monthly$2,719
Land transfer tax$4,324 on closing

Ontario LTT

$4,324

First-time rebate

−$4,000

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

Price & listing history

Listed 3 times · asking price down 3% from the first ask

$389,900

Listed Sep 29, 2026

On the market
$389,900↓ 3%

Listed Sep 29, 2026

On the market
$399,900

Listed Aug 20, 2026

On the market

Sold comparables nearby

74 - 1990 WAVELL Street, London EastSold

74 - 1990 WAVELL Street, London East

3 bd·2 ba·1,600-1,799 sqft
10 - 1919 Trafalgar Street, London EastSold

10 - 1919 Trafalgar Street, London East

2 bd·2 ba·700-799 sqft

See what these 6 homes sold for

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Market conditionsBuyer's market in London East

Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 95.8% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$309,150

Sale-to-list ratio

95.8%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $98,000 household income

Minimum household income required

$98,000

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.

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Rental market$2,449/mo median for 3 bed nearby

$2,449/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 25 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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