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BEDROOMS1
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KITCHENS5
ROOMSX11891392
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Property Description
Great first time buyer or investor opportunity. Unit was fully renovated in 2022 including kitchen, paint, flooring, toilet & vanity. Located close to shopping, transportation and Fanshawe College. There is additional overflow parking available in the gravel lot to the east of the building for individuals with more than 1 vehicle.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-03-08 | 2022-03-14 | 8 | $259,900 | $288,530 | Sold |
| 2022-03-07 | 2022-03-14 | 7 | $259,900 | $288,530 | Sold |
Property Features
Public Transit, School Bus Route
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Taxes
$1,290 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
None
Parking Spaces
1
Parking 1
Common
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 11.98' x 13.39' | |
| Kitchen | Main | 8.99' x 6.99' | |
| Dining | Main | 11.98' x 7.97' | |
| Prim Bdrm | Main | 9.97' x 12.40' |
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London Market Statistics
London Price Trend
573 Mornington Ave 711 is a 1-bedroom 1-bathroom condo listed for sale at $174,900, which is $133,181 (43.2%) lower than the average sold price of $308,081 in the last 30 days (November 18 - December 17). During the last 30 days the average sold price for a 1 bedroom condo in London increased by $25,956 (9.2%) compared to the previous 30 day period (October 19 - November 17) and up $55,081 (21.8%) from the same time one year ago.Inventory Change
There were 11 1-bedroom condos listed in London over the last 30 days (November 18 - December 17), which is down 35.3% compared with the previous 30 day period (October 19 - November 17) and up 450.0% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in London typically sold ($7,445) (2.4%) below asking price over the last 30 days (November 18 - December 17), which represents a $1,302 decrease compared to the previous 30 day period (October 19 - November 17) and ($6,913) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 1-bedroom condos in London over the last 30 days (November 18 - December 17) stood at 100.0%, up from 94.1% over the previous 30 days (October 19 - November 17) and up from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in London stood at 59 days when successfully sold over the last 30 days (November 18 - December 17), compared to 104 days before being removed from the market upon being suspended or terminated.Listing contracted with Blue Forest Realty Inc.
Similar Listings
Affordable One Bedroom condo at 563 Mornington Avenue with opportunity to build equity. Great location with public transit right outside the building, a short walk to shopping, Fanshawe College and other amenities. Low property taxes and condo fee of $496.25 includes, heat, hydro and water. Currently tenant-occupied. ****No interior photos are available due to being tenanted****
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Large 2 bed unit with a big balcony. Seller will only consider offers where the buyer assumes the tenant - no exceptions (once a buyer takes possession of the property you're free to serve notice for vacant possession). Tenant moved in May 1, 2017 and is currently renting on a month-to-month basis at $927.60/mth. Rent was last increased on Sept 1/23. Family friendly neighbourhood surrounded by mature trees and grass area. Walking distance to all the shopping at the corner of Oxford and Highbury and easy access to Fanshawe College with the bus stop at your door. Property tax is $1388/yr. Condo fee is $636/mth which includes heat, hydro, water. No Pictures available. Viewing by appointment only. Priced well below recent sales for units of the same size.
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1 bedroom unit with serene views of trees and creek! Enter through the front door into the open concept unit featuring living room, dinette and kitchen. Generous bedroom and 4-piece main bathroom. Updated flooring throughout. Private balcony in clean building. Perfect for first time buyers or investors. Heat and Hydro included in condo fees. Close to public transit, walking trails, golf, highway and more.
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Why rent when you can own your own affordable condo! This recently renovated 1-bedroom, 1-bathroom unit offers an all-inclusive condo fee covering hydro, water, heat, parking, and property maintenance. Enjoy effortless living with stylish updates and modern comforts, featuring brand-new flooring, an updated kitchen with open sight lines to the cozy living room, and a refreshed bathroom. The eat-in kitchen is perfect for casual dining, while the private balcony offers peaceful views overlooking a spacious, open green space ideal for unwinding at the end of the day. All amenities are just a short walk away, from shops and restaurants to parks and public transit. This move-in-ready unit is perfect for first-time buyers, investors, downsizers or anyone looking for a low-maintenance lifestyle!
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