- Bedrooms
- 2
- Bathrooms
- 1
- Size
- 800–899sq ft
- Per sq ft
- $264at the range’s middle
- Tax a year
- $1,8192025 tax year
- Built
- 16-30
- Parking
- 1underground
- Days on market
- Members
The brief
About 327-511 Gainsborough Rd
327-511 Gainsborough Rd is a 2-bedroom, 1-bathroom condo in North F, London North, listed for sale at an asking price of $224,500 (MLS® X13775544).
Welcome to The Gainsborough, a unique 55+ life lease community offering comfortable, convenient and welcoming independent living. This bright and well-maintained 2 bedroom, 1 bathroom suite offers approximately 885 sq. ft. of comfortable living space and features a south-facing balcony and vaulted ceilings in the living/dining area, creating an open and airy feel. This unit is completely carpet free, with hard surface flooring throughout the main living areas and easy transitions between rooms for added convenience. The air conditioning was replaced in spring of 2026. The updated kitchen features freshly painted cabinetry, new hardware and a stylish backsplash. The bathroom offers a convenient tub/shower cutout designed to make entry and exit easier and provide added convenience. Residents of The Gainsborough enjoy an impressive selection of amenities designed to encourage an active, social and connected lifestyle, including a woodworking room, library, exercise room, billiards, ping pong, fireside lounge, hair salon, chapel, outdoor patios and comfortable seating. Enjoy the convenience of being within walking distance to Sherwood Forest Mall, The Aquatic Centre, nature and bike trails, with University Hospital also nearby. The purchase includes an exclusive underground storage locker and one surface level parking space. Underground parking is $50 a month and subject to availability. The Gainsborough is a 55+ community. Maximum 2 adults per unit. No pets and no rentals are permitted. Please note that life lease purchases are cash only, with no mortgage financing available. Seller is very motivated!!
Insights
Condition Score
Good71/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Covers costs68/100+$151/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 29 condos with 2 bedrooms for lease in London North 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
- $1,819 / 2025
- MLS® number
- X13775544
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Building Age
- 16-30
- Days on market
- Size
- 800-899 sqft
- Listed on
- Parking
- Underground, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- North F
- Municipality
- London North
Building
- Size
- 800-899 sqft
- Building Age
- 16-30
- Construction
- Brick
Inside
- Bedrooms
- 2
- Bathrooms
- 1
- Bathroom Details
- 1 × 4pc
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Additional Parking
- 1
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- Refrigerator, Dishwasher, Stove, Washer, Dryer
- Condo maint.
- $772
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Foyer | 1.25 × 2.74 m | — | Flat |
| Living | 5.49 × 3.96 m | Vaulted Ceiling | Flat |
| Kitchen | 2.71 × 3.63 m | Updated, Backsplash | Flat |
| Primary | 4.27 × 3.05 m | — | Flat |
| Br | 3.58 × 2.62 m | — | Flat |
| Laundry | 1.52 × 2.44 m | — | Flat |
Listing history
Buy/sell history for 327-511 Gainsborough Rd, London North, 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 | $224,500 | N/A | Ext | X13775544 |
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
- $44,900
- Total mortgage amount
- $179,600
- Total interest payment
- $127,900
- Total purchase cost
- $352,400
- Mortgage payment
- $1,025/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
8%Monthly carrying cost
$1,949- Carrying cost $1,949
- Surplus $151
Rental income opens at $2,100, the median asking rent of 29 comparable homes for lease in London North. 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
- $1,970
- Total land transfer tax
- $1,970
- First-time buyer rebates (Ontario up to $4,000)
- −$1,970
- 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 $224,500
- $1,695
- Ontario total
- $1,970
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 conservation3
- No mapped wetland within 120 m120 m
- 2 water-supply wells recorded within 250 m1 of them were drilled for domestic use; 1 test or monitoring hole also recorded. From Ontario’s well records; locations can be approximate. The records do not show how this home gets its water. Wells nearby typically go down about 6.1 m.250 m
- Groundwater recorded about 4.8 m below ground nearbyThe middle water level in the well records within 500 m (35 records). It changes with the season and from spot to spot.500 m
Province of Ontario open data
Planning and building activity1
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
Province of Ontario open data
Around the home1
- 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 The University of Western Ontario — Main Campus, 2.4 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about 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 90 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (90 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.90 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, NFTC, Rogers, Start Communications. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Execulink, Falcon Internet Services, Rogers, TekSavvy, 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
Market area · filters apply to the charts below
The street
Map and tour
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Emily Carr Public SchoolThames Valley DSB | Public · grades JK–8 | 800 m | 71%Grade 6 average |
| Orchard Park Public SchoolThames Valley DSB | Public · grades JK–8 | 1.2 km | 84%Grade 6 average |
| St Marguerite d'Youville SchoolLondon District Catholic School Board | Catholic · grades JK–8 | 1.5 km | 64%Grade 6 average |
| École élémentaire Marie-CurieConseil scolaire Viamonde | French-language public · grades JK–6 | 4.2 km | 88%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Sir Frederick Banting Secondary SchoolThames Valley DSB | Public · grades 9–12 · French Immersion | 650 m | 55%Grade 9 math |
| St. Andre Bessette Secondary SchoolLondon District Catholic School Board | Catholic · grades 9–12 | 2.2 km | 70%Grade 9 math |
| Oakridge Secondary SchoolThames Valley DSB | Public · grades 9–12 · French Immersion | 3.6 km | 64%Grade 9 math |
| École secondaire catholique Monseigneur-BruyèreConseil scolaire catholique Providence | French-language Catholic · grades 9–12 | 5.8 km | 57%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
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Sold prices in North F are shown to signed-in members.