504-583 Mornington Ave
East G, London East, Ontario N5Y 3E9
- Bedrooms
- 2
- Bathrooms
- 1
- Size
- 900–999sq ft
- Per sq ft
- $226at the range’s middle
- Tax a year
- $1,6732026 tax year
- Built
- 51-99
- Parking
- 1none
- Days on market
- Members
The brief
About 504-583 Mornington Ave
504-583 Mornington Ave is a 2-bedroom, 1-bathroom condo in East G, London East, listed for sale at an asking price of $215,000 (MLS® X14142746).
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!
Insights
Condition Score
Good71/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Strong81/100+$378/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 35 condos with 2 bedrooms for lease in London East right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $1,673 / 2026
- MLS® number
- X14142746
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Building Age
- 51-99
- Days on market
- Size
- 900-999 sqft
- Listed on
- Parking
- None, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- East G
- Municipality
- London East
Building
- Size
- 900-999 sqft
- Building Age
- 51-99
- Construction
- Concrete
Inside
- Bedrooms
- 2
- Bathrooms
- 1
- Bathroom Details
- 1 × 4pc Flat
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- None
- Additional Parking
- 1
- Total Parking
- 1
Utilities
- Cooling
- Window Unit
- Heating Type
- Baseboard
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- Couch/Pullout bed, and queen hydraulic bed are negotiable. Refrigerator and Stove are as-is as owner has not recently lived there.
- Condo maint.
- $652
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Primary | 3.37 × 4.55 m | — | Flat |
| 2nd Br | 3.43 × 3.48 m | — | Flat |
| Kitchen | 2.41 × 3.48 m | Ceramic Floor | Flat |
| Living | 5.11 × 5.59 m | Combined W/Dining, W/O To Balcony | Flat |
| Bathroom | 1.47 × 2.41 m | 4 Pc Bath | Flat |
Listing history
Buy/sell history for 504-583 Mornington Ave, London East, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $215,000 | N/A | For Sale | X14142746 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $43,000
- Total mortgage amount
- $172,000
- Total interest payment
- $122,300
- Total purchase cost
- $337,300
- Mortgage payment
- $981/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
—Monthly carrying cost
$1,772- Carrying cost $1,772
- Surplus $378
Rental income opens at $2,150, the median asking rent of 35 comparable homes for lease in London East. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $1,875
- Total land transfer tax
- $1,875
- First-time buyer rebates (Ontario up to $4,000)
- −$1,875
- Total for first-time buyers
- $0
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $215,000
- $1,600
- Ontario total
- $1,875
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation4
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m7 test or monitoring holes also recorded.250 m
- Groundwater recorded about 7.6 m below ground nearbyThe middle water level in the well records within 500 m (47 records). It changes with the season and from spot to spot.500 m
- Bedrock about 38.4 m down nearbyThe middle depth to bedrock in the well records within 500 m.500 m
Province of Ontario open data
Planning and building activity2
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- Nearest airport: 4.8 km4.8 km
Province of Ontario open data
Around the home2
- Nearest rail line: 400 m400 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Russel Metals Inc. — London, 1.2 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- 1 federal contaminated site within 1 km1 still active or suspected; the rest are closed. The federal inventory covers federal land only, not provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by London Hydro Inc.At the address
- Wired internet 50/10 Mbps or faster is listed at a household 70 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (70 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.70 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Rogers, Start Communications. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Execulink, Rogers, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Upper Thames River Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
The market
Condos for sale in East G right now
- For sale now
- 14
- Median asking price
- $187K
- New in 7 days
- 2
- Price cuts
- 21%
Middle half: $170K to $223K
3 in 28 days
3 listings
This home is asking 15% above the median.
See all homes in East GAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Blessed Sacrament Separate SchoolLondon District Catholic School Board | Catholic · grades JK–8 | 600 m | 77%Grade 6 average |
| Académie de la TamiseConseil scolaire Viamonde | French-language public · grades JK–6 | 900 m | 92%Grade 6 average |
| East Carling Public SchoolThames Valley DSB | Public · grades JK–8 | 1 km | 64%Grade 6 average |
| Sir John A Macdonald Public SchoolThames Valley DSB | Public · grades JK–8 | 1.1 km | 53%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| John Paul II Catholic Secondary SchoolLondon District Catholic School Board | Catholic · grades 9–12 | 850 m | 44%Grade 9 math |
| École secondaire catholique Monseigneur-BruyèreConseil scolaire catholique Providence | French-language Catholic · grades 9–12 | 2.2 km | 57%Grade 9 math |
| Montcalm Secondary SchoolThames Valley DSB | Public · grades 9–12 · French Immersion | 2.4 km | 33%Grade 9 math |
| H B Beal Secondary SchoolThames Valley DSB | Public · grades 9–12 | 2.6 km | 56%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
Similar Active Listings
Recently sold nearby
Sold prices in East G are shown to signed-in members.