$164,900
1 / 6
Condo
583 Mornington Avenue, Unit 501
London, N5Y 3E9
$169,900
- Bedrooms
- 1
- Bathrooms
- 1
- Interior
- 600-699 ft²
- Type
- Condo
- On the market
- 171 days
About this home
A hands-off investment opportunity at 501-583 Mornington Ave, London, ON. This bright and affordable 1+den condo offers the convenience of property-managed rentals, making it an appealing option for investors seeking rental ownership without the day-to-day demands of managing tenants. The unit is currently tenanted, with the lease ending in August 1. Vacant occupancy can be provided at that time. Set in a quiet, clean, and well-managed building, the spacious unit features a generous living area, a bright bedroom, and a versatile den suited to a home office or study space. A large private balcony with sweeping city views adds to its appeal for prospective tenants, including students. Condo fees include heat, hydro, and water, simplifying monthly expense planning. With rentals taken care of by property management, this condo offers a practical way to add a professionally managed property to your investment portfolio.
Features
- Storage
Property details
- MLS® number
- X13173560
- Property type
- Condo Apartment
- Style
- Apartment
- Bedrooms
- 1
- Bathrooms
- 1
- Kitchens
- 1
- Interior size
- 600-699 ft²
- Basement
- Full
- Heating
- Radiant
- Cooling
- Wall Unit(s)
- Parking
- 1 spaces
- Exterior
- Stucco (Plaster), Concrete Poured
- Property taxes
- $1,324 (2026)
- Condo fee
- $509 (includes heat, hydro, water, common elements, parking, building insurance)
- Possession
- Tenant
- Cross street
- Mornington and Oxford
- Community
- East G
- Municipality
- London
Rooms
Kitchen
7' × 8' 10"
Ground
Bedroom
12' 6" × 10'
Ground
Bathroom
5' × 7'
Ground
4 Pc Bath
Den
8' × 12'
Ground
Living Room
8' × 13'
Ground
Dining Room
12' × 10'
Ground
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Ground | 7' × 8' 10" | |
| Bedroom | Ground | 12' 6" × 10' | |
| Bathroom | Ground | 5' × 7' | 4 Pc Bath |
| Den | Ground | 8' × 12' | |
| Living Room | Ground | 8' × 13' | |
| Dining Room | Ground | 12' × 10' |
Room sizes come from the listing brokerage, converted from metres where needed. They are deemed reliable but not guaranteed.
Location
London, near Mornington and Oxford
583 Mornington Avenue, Unit 501, London
Approximate location, placed by postal code. Map data © OpenStreetMap contributors, tiles by OpenFreeMap.
Mortgage estimate
$752a month
$33,980 down, 4.5%, 25 years
Down payment
%
Open the full calculatorAn estimate, not a quote. Under 20% down, the default insurance premium is added to the loan.
Similar homes around London
See more homes
$173,000
$149,900
Want to see it in person?
We can usually show you a home within a day or two. We confirm the time with the listing brokerage and meet you at the door, with our honest read on the home and its price.