Indoor foyer for 511 Gainsborough Rd #234, London Ontario N6G 4Z5
84 days on Market

511 Gainsborough Rd #234, London, Ontario N6G 4Z5

In the same building:
-
Condo
1
1
~700-799 sqft
$189,900
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Condo
1
1
~700-799 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$254/sqft

Est. Mortgage$816/mo

Maintenance fees$576/mo

Tax Amount (2025)$1,385/yr

Days On Market84 days


Description

The Gainsborough is a unique Life Lease Community for adults 55+ Discover comfort and convenience in this stylish 1-bedroom, 1-bathroom end unit condo with private balcony. Perfectly designed for modern living, this home offers a well-appointed layout with neutral finishes throughout. The open concept living and dining area is spacious, offering plenty of natural light and a warm, inviting atmosphere. The kitchen features ample cabinet and counter space ideal for preparing meals or entertaining guests. The spacious bedroom offers a peaceful retreat, complete with a generous closet for all your storage needs. The 4 pc. bathroom is functional with in unit laundry. Located in a desirable neighborhood, this home provides easy access to local shops, restaurants, and public transportation, making it the ideal spot for city living. Building offers woodworking room, library, exercise room, billiards room, ping pong, fireside lounge, hair salon, chapel, guest suites, outdoor patios and sitting space. Each unit includes an exclusive underground storage locker, with open surface parking included and underground parking available for $50/month (subject to availability) Located within walking distance of the scenic nature trails, Sherwood Forest Mall, Aquatic Centre, public transit, and University Hospital. This community is ideal for an active and social lifestyle. Please note that this is a no-pet, cash-purchase-only community with no mortgage options available for life lease. All appliances included! Cash purchase only, a Life lease building cannot be mortgaged. For Adults 55 plus. Maximum of 2 adults per unit. No Pets & No Renters allowed.


Property Details

StyleApartment
View-
Age of property31-50
SqFt~700-799 SqFt
Lot Size-
Parking Spaces1
MLS ®NumberX12053886
Community NameMedway
Data SourceTRREB
Listing byKELLER WILLIAMS LIFESTYLES

Features

Heating: Water
Cooling: Central Air

Main Floor

Living

3.84 x 2.94

Dining

3.84 x 3.02

Br

3.34 x 3.77

Kitchen

2.79 x 3.11


Features

Patio: Open
Balcony: Open

Parking

Garage spaces -

Garage type -

Total parking spaces 1


2Story
Amenities

Exercise Room, Car Wash, Guest Suites, Party/Meeting Room, Visitor Parking

Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Apr 1, 2025
ListedActive
$189,900
84 days on market
history photo preview41
Listing by trreb®
Property listed by KELLER WILLIAMS LIFESTYLES, Brokerage

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Market Data - Medway

Geo Zone Map ThumbnailMedway

Balanced Market

View Market Data

Condo - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

65 days

Compared to

2024

17 days

2023

15 days

2022

0 day

New Listings

Past 30 days

8 listings

Compared to

2024

8 listings

2023

12 listings

2022

6 listings

Units sold

Past 30 days

4 units

Compared to

2024

3 units

2023

8 units

2022

0 unit

Median Sold Price

Past 30 days

$434,750

Compared to

2024

$417,500

2023

$439,100


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%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget