7 Picton St #501 is a 2-bedroom, 2-bathroom condo in London, listed for $322,700. It has 1400-1599 sq ft of living space.
1This condo offers 1,429 sq. ft. of luxury living space with breathtaking views and sunsets right from your living room.
2Primary bedroom with walk-in closet and new ensuite (2024).
3Enjoy your access to exclusive rooftop patio with panoramic views, indoor swimming pool and hot tub, fitness centre, sauna, party room and convenient underground parking all covered with condo fees including water.
Beautifully updated, south-west-facing corner unit in one of downtown's most desirable locations! Just steps to Victoria Park, City Hall & Richmond Row to enjoy the restaurants, bars and all the city has to offer. This condo offers 1,429 sq. ft. of luxury living space with breathtaking views and sunsets right from your living room. Featuring 2 spacious bedrooms, 2 full bathrooms, and a large living room with 2 bay windows that will be the heart of the home. This meticulously maintained unit is truly one-of-a-kind. Primary bedroom with walk-in closet and new ensuite (2024). Good size second bedroom ideal for guests or roommates with its own renovated bathroom (2024). Located in a prestigious downtown building, this rare opportunity combines luxury, lifestyle, and location all in one. Enjoy your access to exclusive rooftop patio with panoramic views, indoor swimming pool and hot tub, fitness centre, sauna, party room and convenient underground parking all covered with condo fees including water. A move-in ready unit offering style, space, and unbeatable downtown convenience. Close to all amenities including: Canada Life Place, Covent Garden Market, GrandTheatre, medical, banking, London Central Secondary School, public transit, Thames River trails and much more. A great opportunity to live in the heart of it all.
2 bedrooms, 2 bathrooms, about 1,400 sq ft, works out to roughly $231 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 7 Picton St #501
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
1400-1599 sq ftas stated on the listing
Parking
1 spaceYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
1
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
7 Picton St #501 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14082608$322,700
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 7 Picton St #501 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 →
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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
$1,585
/mo
based on the purchase price of $322,700
$64,540 cash
$258,160 financed
$217,438 total interest
Principal54%$258,160
Interest46%$217,438
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 1–2 bed homes for sale in London around $323K.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.3%On average, homes sold below asking.
Active listings2,548Homes for sale here right now.
Median vs prior 90 days−1.8%Compared with Apr 18 – Jul 17, 2026: prices down.
Based on 1,805 sales from Jul 17 – Oct 15, 2026 (1,429 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
1 for sale at 7 Picton St — plus its sale and lease history.
7 Picton St #501 is listed at $322,700 (MLS® X14082608). Summitly updates the price as soon as the MLS® record changes.
Is $322,700 a good price for 7 Picton St #501?
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 7 Picton St #501 changed?
No — 7 Picton St #501 is still listed at its original asking price of $322,700.
How many bedrooms and bathrooms does 7 Picton St #501 have?
7 Picton St #501 has 2 bedrooms and 2 bathrooms, with about 1,400–1,599 square feet of living space. It is a condo in London.
How much would the monthly mortgage be on 7 Picton St #501?
About $1,585 a month — principal and interest on $322,700 with 20% down ($64,540), 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 7 Picton St #501 compare with other homes in London?
Its asking price of $322,700 is about 42% below the median sold price in London over the last 90 days, $560,000, across 1,805 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 7 Picton St #501 been sold before?
Summitly has no earlier MLS® sale or lease of 7 Picton St #501 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 7 Picton St #501?
7 Picton St #501 is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 7 Picton St #501 been on the market?
7 Picton St #501 was listed today (October 15, 2026).
What is the price per square foot of 7 Picton St #501?
About $202 to $231 per square foot: the asking price of $322,700 over the 1,400–1,599 sq ft the listing gives as its size range.
Does 7 Picton St #501 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
Does 7 Picton St #501 have a basement, and is it finished?
The listing says 7 Picton St #501 has no basement.
