1 bedroom unit on the 7th floor, facing south with a big balcony. Freshly painted with ceramic and laminate flooring. Move-in condition. Air conditioner sleeve in the living room. Ideally located near Highbury Ave with quick access to HWY 401, and within walking distance to Fanshawe College, shopping and everyday amenities. Condo fee includes heat, hydro, and water. Parking spaces are on a first-come first-serve basis.
1 bedroom, 1 bathroom, about 600 sq ft, works out to roughly $233 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 563 Mornington Ave #707
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
600-699 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
Apartment
Property class
Condo Apartment
563 Mornington Ave #707 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14088438$139,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 563 Mornington Ave #707 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
$687
/mo
based on the purchase price of $139,900
$27,980 cash
$111,920 financed
$94,266 total interest
Principal54%$111,920
Interest46%$94,266
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.
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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 $140K.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.3%On average, homes sold below asking.
Active listings2,472Homes for sale here right now.
Median vs prior 90 days−1.8%Compared with Apr 19 – Jul 18, 2026: prices down.
Based on 1,835 sales from Jul 18 – Oct 16, 2026 (1,426 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
6 for sale at 563 Mornington Ave — plus its sale and lease history.
563 Mornington Ave #707 is listed at $139,900 (MLS® X14088438). Summitly updates the price as soon as the MLS® record changes.
Is $139,900 a good price for 563 Mornington Ave #707?
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 #707 changed?
No — 563 Mornington Ave #707 is still listed at its original asking price of $139,900.
How many bedrooms and bathrooms does 563 Mornington Ave #707 have?
563 Mornington Ave #707 has 1 bedroom and 1 bathroom, with about 600–699 square feet of living space. It is a condo in London.
How much would the monthly mortgage be on 563 Mornington Ave #707?
About $687 a month — principal and interest on $139,900 with 20% down ($27,980), 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 #707 compare with other homes in London?
Its asking price of $139,900 is about 75% below the median sold price in London over the last 90 days, $560,000, across 1,835 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 #707 been sold before?
Summitly has no earlier MLS® sale or lease of 563 Mornington Ave #707 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 563 Mornington Ave #707?
563 Mornington Ave #707 is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 563 Mornington Ave #707 been on the market?
563 Mornington Ave #707 was listed today (October 16, 2026).
What is the price per square foot of 563 Mornington Ave #707?
About $200 to $233 per square foot: the asking price of $139,900 over the 600–699 sq ft the listing gives as its size range.
Does 563 Mornington Ave #707 have parking or a garage?
Yes — the listing gives 1 parking space.
Does 563 Mornington Ave #707 have a basement, and is it finished?
The listing says 563 Mornington Ave #707 has no basement.