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$180K · 1 bed Condo Apartment · East G, London East | MyPropertyScout

$179,900

Unit 501

11TenantOccupied

Map

$179,900

F●●●○○

Unit 501

583 Mornington Avenue · London East · Ontario N5Y 3E9

MLS® X12716900 · East G · N5Y 3E9

11TenantOccupied600-699 ft²Condo Apartment1-car None$277/ft²$1,615 tax/yrBuilt 198541 yrs old

26% above market

Scoring based on Property Scout Neighbourhood Intelligence — use as guidance only, sometimes it's not so intelligent 👍

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 tak…

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Property details

MLS#: X12716900
Status: Buy Now
Beds: 1
Baths: 1 full, 0 half
Size: 600-699
Style: Apartment
Type: Condo Apartment
Year built: —

Roof: Tar and Gravel
Foundation: Concrete

Condo corp #: 890
Balcony: Terrace
Locker: Ensuite+Owned
Fees include: Heat Included, Hydro Included, Water Included, Building Insurance Included, Common Elements Included
Pets: Yes-with Restrictions

Garage: 1-car None
Garage spaces: 1
Parking: 1 total
Heating: Baseboard
Heating fuel: Electric
Cooling: Wall Unit(s), Window Unit(s)
Fireplaces: —
Waterfront: No
Exterior: Concrete, Stucco (Plaster)
Fronting on: —
Cross street: OXFORD AND Mornington
Basement: None
Stories: 5
Utilities: —
Laundry: Coin Operated, Laundry Room
Interior: None
Parking features: Private, Unreserved

Rooms

Level	Room	Dimensions
Main	Living Room	3.66m × 4.09m
Main	Kitchen	2.74m × 2.13m
Main	Bedroom	3.05m × 3.78m
Main	Den	3.66m × 2.44m
Main	Bathroom	2.13m × 2.13m

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: RE/MAX a-b Realty Ltd Brokerage

Source: TRREB/PROPTX · MLS® X12716900

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$180K

Unit 501 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $179,900✓ $1,615 tax✓ Electric✓ 600-699 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$2,366/mo

incl. closing costs (yr 1)

Annual total

$28,392

year 1

Mortgage only

$682/mo

principal + interest

Beyond mortgage

$1,098/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$35,980

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$135/mo

Utilities

Hydro / electricity$75/mo

≈ $0.13/ft² × ~650 ft² · incl. electric heat

Heat$0/mo

Electric heat — no gas service · see hydro

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$1,799/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$42/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$1,524

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)29% $8,190/yr

Property taxes11% $3,139/yr

Utilities9% $2,460/yr

Insurance & security6% $1,600/yr

Maintenance6% $1,799/yr

Condo fees21% $6,104/yr

Closing costs18% $5,100/yr

Mortgage is 29% of your true cost of ownership. The other 71% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$8,190	$682/mo
Government & taxes
Property tax	$1,615	$135/mo
Land transfer tax(closing)	$1,524	$127/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$1,799	$150/mo
Condo fees
Condo / HOA fees	$6,104	$509/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$28,392	$2,366/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 501

About this home

MyStreetValue™ Analysis

Property details

Rooms

Sales History

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Annual costs