573 Mornington Avenue #1011 · London, N5Y 4T9
MLS® X14137844
Listing courtesy of Century 21 First Canadian Corp·Listing last changed 1 hour ago
Key facts
- Property type
- Condo apt
- Square footage
- 600-699 sqft
- Storeys
- 10
- Age
- 31-50 years
- Parking
- 1 space
- Property tax
- $1,375/yr (2025)
Description
Attention: First Time Homebuyers and Investors!!! Check out this 10th floor unit, with amazing views of the city and downtown area! The building is next to a city park with nice walking trails. Located close to shopping centres, Fanshawe College, schools and bus transit and is in a safe and convenient location in London. This spacious 1 bedroom apartment has a well thought-out layout and is perfect for young couples or investors looking for an easy to rent, condo. BRAND NEW KITCHEN just installed with soft closed doors (2026), updated vinyl flooring (2023), painted and clean unit, ready for its new owners. Condo fees include hydro, heat, water, parking, building and land maintenance and insurance. The Condo Corp. will do all of the exterior maintenance, repairs and upgrades! All you have to do is enjoy!
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Property details
Interior
- Size
- 600-699 sqft
- Rooms
- 5 rooms
- Bathrooms
- 1 × 4-piece on Main
- Basement
- None
- Heating
- Baseboard
- Cooling
- Wall Unit(s)
- Ensuite laundry
- No
Building & lot
- Type
- Condo apt, Apartment
- Age
- 31-50 years
- Exterior
- Brick, Concrete
- Foundation
- Concrete
- Roof
- Flat
- Storeys
- 10
- Exposure
- East
Parking
- Parking
- 1 space
- Locker
- Ensuite+Common
Fees & taxes
- Condo fee
- $509/mo
- Fee includes
- heat, hydro, water, parking
- Pets
- Yes, with restrictions
- Property tax
- $1,375/yr (2025)
- Corporation
- MSCC 890
- Managed by
- Larlyn Property Management
Building amenities
BBQs Allowed
Rooms
Main
- Living Room
- 3.66 × 4.88 m
- Dining Room
- 3.05 × 3.81 m
- Bathroom, 4 Pc Bath
- Kitchen
- 2.13 × 2.74 m
- Primary Bedroom
- 3.81 × 3.05 m
Estimated value range
$157K to $173K
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.
Schools nearbyclosest is Thames Valley Alternative Secondary School, 630 m
Elementary
- 4.8
Blessed Sacrament Separate School
700 m · Grades JK-8
London District Catholic School Board
- 7.4
Académie de la Tamise
780 m · Grades JK-6
Conseil scolaire Viamonde
- 4.2
East Carling Public School
1.0 km · Grades JK-8
Thames Valley District School Board
Secondary
Thames Valley Alternative Secondary School
630 m · Grades 9-12
- 3.3
John Paul II Catholic Secondary School
1.0 km · Grades 9-12
London District Catholic School Board
Robarts Provincial School for the Deaf
1.2 km · Grades 9-12
Provincial
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. $1,680/mo all in
Monthly payment estimate
Land transfer tax$1,374 on closing
Ontario LTT
$1,374
First-time rebate
−$1,374
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed 2 times · asking price down 8% from the first ask
Listed today
Listed Mar 15, 2023 · 0 days on market
Mar 15, 2023
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
0 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
Sold1104 - 583 Mornington Avenue, London East
Sold1103 - 563 Mornington 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 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 93.6% of asking.
Avg. sold price
$188,733
Sale-to-list ratio
93.6%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $45,000 household income
Minimum household income required
$45,000
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? Call Colin at (226) 212-5099 or text
Rental market$1,295/mo median for 1 bed nearby
$1,295/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.
Get notified about similar homes
New condo apt listings in Old East Village.
Colin Abbot, Broker
Oak and Key Real Estate Brokerage Inc., Brokerage, 490 Melcrest Road, London, ON N6J 3T1, Phone: (226) 212-5099
Not intended to solicit clients already under contract.
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