$215,000

For saleJust listed

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

1 bd1 ba1 pk650 ft²+$509/mo

Listed by CENTURY 21 FIRST CANADIAN CORP

#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

29 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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$215,000

London East

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#504 583 Mornington Avenue, London East (East G) - Single Family for Sale

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

2 beds1 bath1 parking950 ft²$652/mo condo feeListed 3 days ago

Overview

This 2-bedroom, 1-bathroom condo in London East is for sale offering roughly 950 sq ft of space. It has been on the market 3 days, fresher than the London East average of 70 days.

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

Description

Your new home could be the largest two-bedroom floorplan available in Sunrise Condos - it's also a great investment with steady rental demand in London East. Easy to offer to prospective tenants as 'all-inclusive' - the maintenance fee includes hydro, heat, water, and dedicated surface parking. This is a stand-out corner unit with luxury laminate plank flooring throughout, a modernized four-piece bathroom, and in-suite storage. You're just steps from major public transit with a direct, minutes-long route straight to Fanshawe College, extensive shopping and dining options along the Oxford Street commercial corridor, local elementary schools, and neighborhood parks. Whether you are looking to secure a turnkey entry-level home or capitalize on London's robust rental market, this home delivers! (id:66096)

Property Details

MLS®: X14142746
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 950 ft²
Basement: None
Heating: Baseboard heaters, Electric
Cooling: Window air conditioner
Garage: No Garage
Condo Fee: $652/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,673.3/yr
Listed: 3 days ago

Rooms

Flat

Primary Bedroom: 4.55 x 3.37 meters
Bedroom 2: 3.48 x 3.43 meters
Kitchen: 3.48 x 2.41 meters
Living room: 5.59 x 5.11 meters
Bathroom: 2.41 x 1.47 meters

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

Features

Appliances: Refrigerator, Stove
Flooring: Ceramic
Exterior: Concrete
Lot Features: 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

$226

List price

$215K

Haho

This 2-bed single family in London East (East G) has been listed for 3 days, which is 67 days fresher than the city average of 70. Act while there is still low competition.

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Listed by ROYAL LEPAGE TRILAND REALTY · CHRIS HARDING

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5Y)

This home lists at $215,000, about 3.4× the local median household income of $63,600.

Carrying it typically needs a household income of about $41,997 (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)

$215,000· $226/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $10,750

Min 5%50%

Mortgage payment$1,132/mo

↳ CMHC premium ($8,170 capitalized)

Property tax (est.)$139/mo

Condo fee$652/mo

Total monthly$1,924

Cash Needed to Close

Down payment (5%)$10,750

Land transfer tax$1,875

Est. closing costs$3,145

Total cash needed$15,770

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