Spacious and beautifully updated 2-bedroom condo. Features include 1 full bathroom with sink, toilet, and bathtub/shower combination, plus extra shelving in bedroom closets for added storage and organization. The kitchen and bathroom have been fully renovated, complemented by new flooring throughout and modern light fixtures. Condo fees include all utilities for added convenience. The building offers controlled entry and recently upgraded fire system for enhanced safety and peace of mind. Ideally located in a highly desirable area within walking distance to Fanshawe College and just minutes from shopping, dining, public transit, parks, and quick access to Highway 401.
2 bedrooms, 1 bathroom, about 800 sq ft, works out to roughly $300 per square foot. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 563 Mornington Ave #508
Every detail from the listing, in one place.
Type
Condo
Style
1 Storey/Apt
Living space
800-899 sq ftas stated on the listing
Parking
1 space
Basement
None
Features & systems
Parking & garage
Parking spaces
1
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
1 Storey/Apt
Property class
Condo Apartment
563 Mornington Ave #508 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13515038$239,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 563 Mornington Ave #508 Compares to the London Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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
$1,179
/mo
based on the purchase price of $239,900
$47,980 cash
$191,920 financed
$161,647 total interest
Principal54%$191,920
Interest46%$161,647
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
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.
For homeowners nearby
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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 1–2 bed homes for sale in London around $240K.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.2%On average, homes sold below asking.
Active listings2,335Homes for sale here right now.
Median vs prior 90 days−0.9%Compared with May 11 – Aug 9, 2026: prices down.
Based on 1,698 sales from Aug 9 – Nov 7, 2026 (1,520 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
3 for sale at 563 Mornington Ave — plus its sale and lease history.
563 Mornington Ave #508 is listed at $239,900 (MLS® X13515038). Summitly updates the price as soon as the MLS® record changes.
Is $239,900 a good price for 563 Mornington Ave #508?
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 563 Mornington Ave #508 changed?
No — 563 Mornington Ave #508 is still listed at its original asking price of $239,900.
How many bedrooms and bathrooms does 563 Mornington Ave #508 have?
563 Mornington Ave #508 has 2 bedrooms and 1 bathroom, with about 800–899 square feet of living space. It is a condo in London.
How much would the monthly mortgage be on 563 Mornington Ave #508?
About $1,179 a month — principal and interest on $239,900 with 20% down ($47,980), 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 563 Mornington Ave #508 compare with other homes in London?
Its asking price of $239,900 is about 57% below the median sold price in London over the last 90 days, $560,000, across 1,698 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 563 Mornington Ave #508 been sold before?
Summitly has no earlier MLS® sale or lease of 563 Mornington Ave #508 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 563 Mornington Ave #508?
563 Mornington Ave #508 is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 563 Mornington Ave #508 been on the market?
128 days — 563 Mornington Ave #508 was listed on July 2, 2026.
What is the price per square foot of 563 Mornington Ave #508?
About $267 to $300 per square foot: the asking price of $239,900 over the 800–899 sq ft the listing gives as its size range.
Does 563 Mornington Ave #508 have parking or a garage?
Yes — the listing gives 1 parking space.
Does 563 Mornington Ave #508 have a basement, and is it finished?
The listing says 563 Mornington Ave #508 has no basement.
