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    London / Carling

    901 - 563 Mornington Ave

    For Sale520 Mornington Avenue
    $149,900
    1 Bed
    1 Bath
    1 Parking
    600 - 699 SQFT
    23 Days on Strata
    Est Sell Timeframe
    17 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $509/mth
    Taxes:
    $1,290 (2024)
    Cost Per Sqft:
    $214 - $250/sqft
    Locker:
    None
    Outdoor Space:
    Balcony
    Exposure:
    West
    Possession Date:
    1-29 days
    Laundry:
    Coin Operated
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Hydro
    Heat
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Air Conditioning

    Utility Type

    Air Conditioning
    None
    Heat Source
    Gas
    Heating
    Baseboard

    Room Dimensions

    Living
    15.98 x 11.98ft
    Kitchen
    6.99 x 8.99ft
    Bedroom
    12.5 x 9.97ft

    About this Listing

    1 bedroom unit on the 9th floor with a big balcony, facing west. Nice views. Priced well below market value. Seller will only consider offers where the buyer assumes the tenant - no exceptions (once buyer takes possession of the property you're free to serve notice for vacant possession). Tenant moved in Dec 1, 2020 and is currently renting on a month-to-month basis at $796.96/mth. Rent was last increased on Dec 1, 2023. Family friendly neighbourhood surrounded by mature trees and grass area. Walking distance to all the shopping at the corner of Oxford and Highbury and easy access to Fanshawe College. Property tax is $1290/yr. Condo fee is $508/mth which includes heat, hydro, and water.

    sutton group - select realtyMLS® #X11896620

    Amenities

    Visitor Parking
    Gym Room
    Outdoor Pool

    Explore Neighbourhood

    Unknown
    Walkability
    Unknown
    Transit
    Unknown
    Bikeability

    Similar Listings

    Price Trends

    Maintenance Fees

    520 Mornington Avenue vs The Carling Area

    Building Trends At 520 Mornington Avenue

    Days on Strata

    Units at 520 Mornington Avenue spend an average of
    41
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    4%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Carling

    Turnover of Units

    On average, each unit is owned for
    N/A
    YEARS before being sold again

    Property Value

    -32%
    Decrease in property value within the past twelve months

    Price Ranking

    3rd
    Highest price per SQFT out of 3 condos in the Carling area

    Sold Units

    47
    Units were Sold over the past twelve months

    Rented Units

    3
    Units were Rented over the past twelve months

    Best Value Rank

    520 Mornington Avenue offers the
    ?
    N/A
    best value out of 3 condos in the Carling neighbourhood

    Appreciation Rank

    520 Mornington Avenue has the
    ?
    N/A
    highest ROI out of 3 condos in the Carling neighbourhood

    Rental Yield

    520 Mornington Avenue yields the
    ?
    N/A
    highest rent prices out of 3 condos in the Carling neighbourhood

    High Demand

    520 Mornington Avenue is the
    ?
    N/A
    most popular building out of 3 condos in the Carling neighbourhood

    Transaction Insights at 563 Mornington Avenue

    1 Bed2 Bed
    Price Range$149,900 - $228,000$155,000 - $265,000
    Avg. Cost Per Sqft$293$258
    Avg. Wait for Unit Availability43 Days31 Days
    Ratio of Units in Building61%40%

    Transactions vs Inventory

    Total number of units listed and sold in Carling