$173,000

For sale

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#103 573 Mornington Avenue, London East (East G) - Single Family for Sale

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

2 bd1 ba1 pk950 ft²+$652/mo

Listed by ROYAL LEPAGE TRILAND REALTY

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

For saleJust listed

4 days ago

$165K

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

1 bd1 ba1 pk650 ft²+$509/mo

Listed by CENTURY 21 FIRST CANADIAN CORP

#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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$173,000

London East

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Overview

This 1-bedroom, 1-bathroom condo in London East is for sale offering roughly 650 sq ft of space. Its $173,000 asking price sits right in line with the $174,900 median in London East. It has been on the market 18 days, fresher than the London East average of 70 days.

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

Description

Bright and well-kept 1-bedroom plus Den apartment on the first floor, freshly painted and featuring no carpets throughout for easy maintenance. The functional layout includes a separate den, ideal for a home office or additional living space. Conveniently located with easy access to downtown London and Highway 401 via Highbury Avenue, as well as nearby shopping, public transit, and everyday amenities. An excellent opportunity for investors or owner-occupants, with the flexibility for the current tenants to stay or vacate, depending on the buyer's needs. This apartment offers comfort, convenience, and flexibility. Don't miss this great opportunity! (id:66096)

Property Details

MLS®: X14093090
Property Type: Single Family
Zoning: R9-3
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Baseboard heaters, Electric
Cooling: Window air conditioner
Garage: No Garage
Condo Fee: $481/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water
Ownership: Condo/Strata
Property Tax: $1,140/yr
Listed: 18 days ago

Area context

Neighbourhood profile (N5Y)

This home lists at $173,000, about 2.7× the local median household income of $63,600.

Carrying it typically needs a household income of about $33,793 (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)

$173,000· $266/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $8,650

Min 5%50%

Mortgage payment$911/mo

↳ CMHC premium ($6,574 capitalized)

Property tax (est.)$95/mo

Condo fee$481/mo

Total monthly$1,487

Cash Needed to Close

Down payment (5%)$8,650

Land transfer tax$1,455

Est. closing costs$3,019

Total cash needed$13,124

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

#103 573 Mornington Avenue, London East (East G) - Single Family for Sale

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Neighbourhood profile (N5Y)

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