511 Gainsborough Rd #203 is a 2-bedroom, 1-bathroom condo in London, listed for $274,999. It has 1200-1399 sq ft of living space.
1The spacious Living and Dining areas provide an ideal setting for relaxing or entertaining, while the well-appointed Kitchen offers plenty of workspace and storage.
2The generous Primary Bedroom is complemented by a second Bedroom that is perfect for guests, a home office or additional living space.
3The thoughtfully designed layout offers exceptional comfort and functionality throughout.
Welcome to The Gainsborough, one of London's most sought-after 55+ life lease communities, known for its welcoming atmosphere, friendly neighbours and strong sense of community. This beautifully maintained 2 Bedroom, 2 Bathroom suite features the largest floor plan in the building, desirable southwest exposure, a bright Sunroom overlooking mature trees, in-suite laundry and available underground parking. The spacious Living and Dining areas provide an ideal setting for relaxing or entertaining, while the well-appointed Kitchen offers plenty of workspace and storage. The generous Primary Bedroom is complemented by a second Bedroom that is perfect for guests, a home office or additional living space. The thoughtfully designed layout offers exceptional comfort and functionality throughout. Residents enjoy a secure, well-managed building with an exercise room, library, games room, party room, woodworking shop, two guest suites, community BBQ and car wash, creating plenty of opportunities to stay active, connect with neighbours and enjoy an easy, low-maintenance lifestyle. Exceptional value and worry-free ownership. Shopping, restaurants, parks, walking trails, public transit and everyday essentials are all just minutes away, making this an excellent opportunity for those looking to enjoy a vibrant community in a highly desirable North London neighbourhood. See multimedia link for 3D walkthrough tour and floor plan. Some photos have been virtually staged.
2 bedrooms, 1 bathroom, about 1,200 sq ft, works out to roughly $229 per square foot. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 511 Gainsborough Rd #203
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
1200-1399 sq ftas stated on the listing
Parking
2 spacesYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
2
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
511 Gainsborough Rd #203 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$1,351
/mo
based on the purchase price of $274,999
$55,000 cash
$219,999 financed
$185,297 total interest
Principal54%$219,999
Interest46%$185,297
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in London
Other 2–3 bed homes for sale in London around $275K.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.1%On average, homes sold below asking.
Active listings2,405Homes for sale here right now.
Median vs prior 90 days−2.2%Compared with May 14 – Aug 12, 2026: prices down.
Based on 1,724 sales from Aug 12 – Nov 10, 2026 (1,546 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
2 for sale at 511 Gainsborough Rd — plus its sale and lease history.
511 Gainsborough Rd #203 is listed at $274,999 (MLS® X13613874). Summitly updates the price as soon as the MLS® record changes.
Is $274,999 a good price for 511 Gainsborough Rd #203?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in London. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 511 Gainsborough Rd #203 changed?
Yes — it was first listed at $300,000 and is now $274,999, a drop of $25,001 (8.3%).
How many bedrooms and bathrooms does 511 Gainsborough Rd #203 have?
511 Gainsborough Rd #203 has 2 bedrooms and 1 bathroom, with about 1,200–1,399 square feet of living space. It is a condo in London.
How much would the monthly mortgage be on 511 Gainsborough Rd #203?
About $1,351 a month — principal and interest on $274,999 with 20% down ($55,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 511 Gainsborough Rd #203 compare with other homes in London?
Its asking price of $274,999 is about 50% below the median sold price in London over the last 90 days, $555,500, across 1,724 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 511 Gainsborough Rd #203 been sold before?
Summitly has no earlier MLS® sale or lease of 511 Gainsborough Rd #203 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 511 Gainsborough Rd #203?
511 Gainsborough Rd #203 is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 511 Gainsborough Rd #203 been on the market?
105 days — 511 Gainsborough Rd #203 was listed on July 28, 2026.
What is the price per square foot of 511 Gainsborough Rd #203?
About $197 to $229 per square foot: the asking price of $274,999 over the 1,200–1,399 sq ft the listing gives as its size range.
Does 511 Gainsborough Rd #203 have parking or a garage?
Yes — the listing gives 2 parking spaces. Garage: Yes.
Does 511 Gainsborough Rd #203 have a basement, and is it finished?
The listing says 511 Gainsborough Rd #203 has no basement.
