$179,900
501 - 583 MORNINGTON AVENUE
Beds
1
Baths
1
Sqft
—
Year
—
Type
Single Family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for London East (East G). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Bright & Affordable 1+Den Condo With Stunning Views - 501-583 Mornington Ave, London ON. Step into exceptional value with this spacious one-bedroom plus den condo, perfectly positioned for first-time buyers, investors, or anyone seeking a low-cost student home. Located in a quiet, clean, and well-managed building, this unit delivers comfort, convenience, and unbeatable affordability. A large private balcony offers sweeping views over the city-an ideal spot to unwind, enjoy morning coffee, or take in the sunset. Inside, the functional layout provides a generous living area, a bright bedroom, and a versatile den that works beautifully as a home office, study space, or guest nook. This is truly stress-free living: Heat, hydro, and water are all included in the condo fees, making budgeting simple and predictable. Whether you're looking to enter the market at an accessible price point or secure a strong investment property in a high-demand rental area, this condo checks every box.A smart opportunity in a solid building-don't miss it.this unit will be Vacant as of April 30, 2026. (id:65958)
- Subtype
- Single Family
- Structure
- Apartment
- Community
- East G
- Common interest
- Condo/Strata
- Bedrooms
- 1 above grade
- Parking
- 1 total
- Condo/HOA fee
- $508.66 monthly
- On market
- Jan 21, 2026
- Status changed
- Apr 20, 2026
- Annual tax
- $1,615.2 (2026)
- Zoning
- R9-3
- Photos
- 8
- MLS#
- X12716900
- Area
- LONDON_EAST_(EAST_G)
Features and systems
Parking
Basement
Heating
Cooling
Exterior
Foundation
Lot
Community
Fee includes
Cash on cash
7.12%
Cap rate
6.29%
GRM
10.7
Break-even rent
$1,175
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 20, 2026.