Unknown for 511 Gainsborough Rd #116, London Ontario N6G 4Z5
Sold conditionally
10 days on Market

511 Gainsborough Rd #116, London, Ontario N6G 4Z5

In the same building:
-
Condo
2
1
~800-899 sqft
$224,900
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Condo
2
1
~800-899 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$266/sqft

Est. Mortgage$966/mo

Maintenance fees$669/mo

Tax Amount (2024)$1,647/yr

Days On Market10 days


Description

The Gainsborough is a Life Lease Community for adults 55+ allowing affordable and worry-free retirement living on over 5 acres of beautifully landscaped grounds. This ground floor unit faces North and you will enjoy having coffee on your patio that backs onto a private lush green space. This Windsor floor plan has 2 generous sized bedrooms, 1 bath, convenient in-suite laundry & storage room, eat-in kitchen & vinyl floors, with carpet in bedrooms. It comes with a storage locker too. If you like staying active, this complex boasts an excellent social and community atmosphere with organized social events & numerous onsite amenities such as exercise room, billiards room, ping pong table, fireside lounge & library, workshop, hair salon, chapel, guest suites, outdoor patios & gardens, underground car wash bay & more. Within walking distance of scenic Medway Valley nature trails, shopping & groceries at Sherwood Forest Mall & public transit, with University Hospital and other amenities a short drive away. Every suite is individually metered for gas & hydro and Residents are responsible for heating & AC maintenance & repairs, utilities, taxes, condo insurance and monthly fees for their share of common area costs such as water, exterior maintenance, landscaping, management, replacement reserve fund etc. There is surface parking and some underground parking (as becomes available $50 per spot per month). This building is a Life Lease and requires a Cash Purchase (no mortgages). No Pets, No Renters and Maximum 2 Occupants per unit. New Air Conditioning unit installed in 2021. Hot Water Gas Heating with Air Handler. For more info see www.thegainsborough.com


Property Details

StyleApartment
View-
Age of property-
SqFt~800-899 SqFt
Lot Size-
Parking Spaces1
MLS ®NumberX11969348
Community NameMedway
Data SourceTRREB
Listing bySUTTON GROUP PREFERRED REALTY INC.

Features

Heating: Water
Cooling: Central Air

Main Floor

Living

5.49 x 3.96

Prim Bdrm

4.27 x 3.04

2nd Br

3.58 x 2.62

Laundry

2.36 x 1.68


Parking

Garage spaces -

Garage type -

Total parking spaces 1


1Story
Amenities

Car Wash, Exercise Room, Guest Suites, Party/Meeting Room, Community BBQ, Elevator

Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Feb 12, 2025
ListedActive
$224,900
10 days on market
history photo preview37
Listing by trreb®
Property listed by SUTTON GROUP PREFERRED REALTY INC., Brokerage
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Population and Demographics

Overview

Total population 19033
Average household income $119,141

Age (%)

0 to 19
25%
20 to 34
24%
35 to 49
18%
50 to 64
17%
65 and plus
16%

Household composition (%)

Single family
67%
Single person
25%
Multi person
7%
Multi family
0%

Mother tongue (%)

English
76%
Arabic
5%
Spanish
4%
Mandarin
4%
Others
3%
French
1%
Korean
1%
Polish
1%
Portuguese
1%

House tenancy (%)

Owners
66%
Renters
34%

Schools and amenities

Estimated Budget