563 Mornington Avenue 707, London East

$139,900
563 Mornington Avenue 707

$139,900

New
7d
Condo ApartmentApartment

563 Mornington Avenue 707, London East

Total Monthly Obligation $1,388

HausQ Valuation Report
Beds
1
Baths
1
Park
1
Sqft
600-699
DOM
7d
Score
36
Yield
13.8%
Cash on Cash
14.3%
Cap Rate
7.7%
5Y IRR
27.2%
10Y IRR
24.5%
Property Type-Condo Apartment
MLS® Number-X14088438
Beds-1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 16, 2026
Style-Apartment
Building Type-Condo Apartment
Age-31-50
Taxes-$1,375 (2025)
Maintenance-$508.66/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Water (Gas)
Brokerage-SUTTON GROUP - SELECT REALTY
Cooling-Other
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Flexible
Neighbourhood-East G
Title-Residential Condo & Other

No agent assigned

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.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$111,920
Land Transfer Taxes$1,124
Legal Fees (Est.)
$
Total cash required for closing$30,604

Total Monthly Obligation

$1,388/mo
Mortgage $564
Monthly Loss $1,239
Principal$148
Interest$416
Property Tax$115
Condo Fees$509
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
5.4%43
Cash-on-Cash
2.6%14
5-Year IRR
18.7%88
10-Year IRR
18.2%
Returns Index
49.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
36/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$19,368/yr
NOI
$7,552/yr
Net Cash Flow
$65/mo
Cash Margin
4.0%10
Cash Flow Index
10.0/ 100
Risk Profile
Weight: 20%
DSCR
1.1237
LTV Ratio
80.0%18
Vacancy Buffer
6.8 mo95
Risk Index
50.2/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 563 Mornington Avenue 707

Time

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Data last updated within the past 24 hours.