$164,900

For saleJust listed

#504 583 Mornington Avenue, London East (East G), Ontario, N5Y3E9

2 bd1 ba1 pk950 ft²+$652/mo

Listed by ROYAL LEPAGE TRILAND REALTY

#103 573 Mornington Avenue, London East (East G), Ontario, N5Y4T9

For sale

18 days ago

$173K

#103 573 Mornington Avenue, London East (East G), Ontario, N5Y4T9

1 bd1 ba1 pk650 ft²+$481/mo

Listed by SUTTON GROUP - SELECT REALTY

#606 563 MORNINGTON Avenue, London East (East G), Ontario, N5Y4T8

For sale

30 days ago

$150K

#606 563 MORNINGTON Avenue, London East (East G), Ontario, N5Y4T8

1 bd1 ba1 pk650 ft²+$509/mo

Listed by NEWGEN REALTY EXPERTS

#705 573 Mornington Avenue, London East (East G), Ontario, N5Y4T9

For sale

34 days ago

$200K

#705 573 Mornington Avenue, London East (East G), Ontario, N5Y4T9

1 bd1 ba1 pk650 ft²+$509/mo

Listed by OAK AND KEY REAL ESTATE BROKERAGE, INC.

Investment analysis

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$164,900

London East

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#1011 573 Mornington Avenue, London East (East G) - Single Family for Sale

#1011 573 Mornington Avenue, London East (East G), Ontario, N5Y4T9

1 bed1 bath1 parking650 ft²$509/mo condo feeListed 4 days ago

Overview

This 1-bedroom, 1-bathroom condo in London East is for sale offering roughly 650 sq ft of space. Listed at $164,900, it is attractively priced about 6% below the $174,900 median asking price in London East. It has been on the market 4 days, fresher than the London East average of 70 days.

Condos for Sale in London East →All real estate in London East →

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! (id:66096)

Property Details

MLS®: X14137844
Property Type: Single Family
Zoning: R9-2
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Baseboard heaters, Other
Cooling: Wall unit
Garage: No Garage, Shared
Condo Fee: $509/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,375/yr
Listed: 4 days ago

Rooms

Main level

Kitchen: 2.13 x 2.74 meters
Living room: 3.66 x 4.88 meters
Primary Bedroom: 3.81 x 3.05 meters
Dining room: 3.05 x 3.81 meters
Bathroom

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Refrigerator, Stove
Foundation: Concrete
Exterior: Concrete, Brick
Lot Features: Flat site, Balcony, Laundry- Coin operated

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

London East (East G) listings, avg age

70d

Price / ft²

$254

List price

$165K

Haho

This 1-bed single family in London East (East G) has been listed for 4 days, which is 66 days fresher than the city average of 70. Act while there is still low competition.

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Listed by CENTURY 21 FIRST CANADIAN CORP · AN LAM

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5Y)

This home lists at $164,900, about 2.6× the local median household income of $63,600.

Carrying it typically needs a household income of about $32,211 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $63,600
Population: 35,934
Median age: 35.6
Owner / renter: 45% / 55%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N5Y)

$164,900· $254/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $8,245

Min 5%50%

Mortgage payment$869/mo

↳ CMHC premium ($6,266 capitalized)

Property tax (est.)$115/mo

Condo fee$509/mo

Total monthly$1,492

Cash Needed to Close

Down payment (5%)$8,245

Land transfer tax$1,374

Est. closing costs$2,995

Total cash needed$12,614

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