583 MORNINGTON AVE Avenue Unit 808, London East

Price: $264,900

2 bedrooms, 1 bathrooms

800 sqft

Property Type: Condo

MLS#: X13170586

Step into easy apartment condo living in this beautifully renovated, move-in ready corner unit offering exceptional northeast views from both the bedroom and private balcony. Featuring 2 bedrooms and 1 updated bathroom, this home has been completely transformed with quality finishes throughout.Enjoy luxury vinyl flooring throughout with no carpet, new interior doors and hardware, mirrored closet doors, updated lighting, décor switches, and pot lights in the living room. The renovated kitchen has been thoughtfully redesigned and opened up to the living and dining areas, creating a bright, open-concept layout perfect for everyday living and entertaining. Complete with a kitchen island, an abundance of cabinetry, and newer appliances including refrigerator, stove, dishwasher, and built-in over-the-range microwave, this space offers both style and functionality.The updated bathroom features a new vanity and toilet, along with a reglazed tub and shower for a fresh, modern look. Relax on the balcony with updated decking and enjoy the great northeast views from this desirable corner unit.Condo fees include ALL utilities, making ownership simple and convenient. Ideally located close to Fanshawe College with transit at your front door and plenty of free parking available. Completely renovated, exceptionally clean, and truly move-in ready - just unpack and enjoy!

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$264,900 - 583 MORNINGTON AVE Avenue Unit 808, London East

Condo for Sale in London East

2Beds
1Baths
800Sq Ft
Condo
Property Details
MLS Number
X13170586
Property Type
Condo
Status
active
Days on Site
25
Bedrooms
2
Bathrooms
1
Square Feet
800 sqft
Neighbourhood
London East
Locker
None
Exposure
North East
Balcony
Open
Listing Brokerage
SUTTON GROUP - SELECT REALTY
Description

Step into easy apartment condo living in this beautifully renovated, move-in ready corner unit offering exceptional northeast views from both the bedroom and private balcony. Featuring 2 bedrooms and 1 updated bathroom, this home has been completely transformed with quality finishes throughout.Enjoy luxury vinyl flooring throughout with no carpet, new interior doors and hardware, mirrored closet doors, updated lighting, décor switches, and pot lights in the living room. The renovated kitchen has been thoughtfully redesigned and opened up to the living and dining areas, creating a bright, open-concept layout perfect for everyday living and entertaining. Complete with a kitchen island, an abundance of cabinetry, and newer appliances including refrigerator, stove, dishwasher, and built-in over-the-range microwave, this space offers both style and functionality.The updated bathroom features a new vanity and toilet, along with a reglazed tub and shower for a fresh, modern look. Relax on the balcony with updated decking and enjoy the great northeast views from this desirable corner unit.Condo fees include ALL utilities, making ownership simple and convenient. Ideally located close to Fanshawe College with transit at your front door and plenty of free parking available. Completely renovated, exceptionally clean, and truly move-in ready - just unpack and enjoy!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,359.07/mo

Includes CMHC insurance ($7,391)

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5-yr fixed avg.

Principal: $238,410Interest: $161,922
Mortgage Amount$245,801
Total Interest$161,922
Est. Property Tax$188/mo
Total Cost$407,722

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: London East

Discover London East

London East is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in London East

  • Convenient location in London East
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

London East offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

583 MORNINGTON AVE Avenue Unit 808, London East

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,200/mo
Range: $1,870 - $2,530
Cap Rate (ROI)
6.5%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$520
Property Tax (est.)-$188
Insurance (est.)-$55
Net Cash Flow+$1,437

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $331/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Market Position

At 25 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.

Efficient Living

At 800 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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    583 MORNINGTON AVE Avenue Unit 808 | $264,900 | Battaglia Team