573 Mornington Avenue #705 · London East, N5Y 4T9
MLS® X13858474
Listed Oct 3, 2026
Listing courtesy of Oak And Key Real Estate Brokerage, INC.·Updated 14 hours ago
Description
Affordable ownership at $199,900! Welcome to this beautifully updated 1-bedroom, 1-bathroom condo offering comfortable, low-maintenance living with manageable monthly costs. The maintenance fee include heat, hydro, water, one assigned parking space. Making it an excellent value for first-time buyers, students, downsizers, or investors. The bright, inviting interior features a modern kitchen with soft-close cabinetry, quartz countertops, a double sink with contemporary faucet, and stainless steel appliances, including a dishwasher, plus a range hood. Luxury vinyl flooring flows throughout, while the renovated 4-piece bathroom showcases floor-to-ceiling porcelain tile, a new bathtub, vanity, and updated fixtures. A spacious 4' x 5' storage closet adds practical storage, and the generously sized private balcony offers room to relax outdoors. The complex has benefited from numerous improvements, including newer windows, patio doors, balcony railings, hallway flooring and lighting, refreshed paint. With a bus stop directly in front. Fanshawe College, Oxbury Mall, shopping, restaurants, and everyday amenities just minutes away, this move-in-ready condo is an appealing opportunity to enter the market at an accessible price.
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Property details
Interior
- Size
- 600-699 sqft
- Rooms
- 7 rooms
- Bathrooms
- 1 × 4-piece on Flat
- Basement
- None
- Heating
- Baseboard
- Cooling
- None
- Laundry
- N
Building & lot
- Type
- Condo Apartment, Apartment
- Age
- 51-99 years
- Exterior
- Stucco (Plaster)
- Roof
- Flat
- Storeys
- 7
- Exposure
- North
Parking
- Parking
- 1 spaces
- Locker
- None
Fees & taxes
- Condo fee
- $509/mo
- Fee includes
- heat, hydro, water, parking
- Pets
- Yes-with Restrictions
- Property tax
- $1,416/yr (2026)
- Corporation
- MSCC 890
- Managed by
- Larlyn Property Management
Building amenities
Elevator · Visitor Parking
Rooms
Flat
- Bedroom
- 3.84 × 3.43 m
- Living Room, Sliding Doors
- 5.59 × 3.45 m
- Foyer, Large Closet
- 2.54 × 1.42 m
- Kitchen, stainless steel appl, b/i range, double sink
- 2.41 × 2.74 m
- Bathroom
- 2.44 × 1.52 m
- Other
- 1.22 × 1.52 m
- Dining Room
- 3.35 × 3.15 m
Estimated value range
$190K–$210K
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 East, ON
Vibrant arts district with walkable streets and character homes.
Lester B. Pearson School for the Arts on Trafalgar Street (grades 4 to 8) is a flagship specialty school serving artistically inclined students from across the city. Woodfield French Immersion Public School on Princess Avenue offers a French Immersion option for local elementary families.
Aeolian Hall is a nationally recognized live music venue, while the Palace Theatre hosts community theatre productions and the TAP Centre for Creativity provides studio and gallery space for visual and performing artists. The East Village Market at 630 Dundas Street features local vendors, and the Saturday Western Fair Farmers and Artisans Market is a major weekend draw.
Daily life in OEV is colourful, walkable, and unpredictable in the best way. There is nearly always something on, from art crawls to block festivals to impromptu sidewalk performances. The neighbourhood's strong sense of collective identity and its ongoing revitalization attract artists, young professionals, and families who want to live somewhere genuinely distinct from the suburban mainstream.
Monthly paymentest. $1,858/mo all in
Monthly payment estimate
Land transfer tax$1,724 on closing
Ontario LTT
$1,724
First-time rebate
−$1,724
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed Oct 3, 2026
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
Sold comparables nearby
Sold1103 - 563 Mornington Avenue, London East
Sold808 - 583 MORNINGTON AVE Avenue, London East
See what these 6 homes sold for
Create a free account to see sold prices and comparable sales.
Market conditionsBuyer's market in Old East Village
Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 93.7% of asking.
Avg. sold price
$185,033
Sale-to-list ratio
93.7%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $53,000 household income
Minimum household income required
$53,000
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$1,300/mo median for 1 bed nearby
$1,300/month is the median rent for 1-bedroom homes leased within 3km over the past 12 months, across 49 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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