trreb/IMG-X13775544_77e56b3e-58a9-4cec-a080-8c71051a43fa-l.jpg
30 days on Market

511 Gainsborough Rd #327, London North, Ontario N6G 4Z5

In the same building:
-
Condo
2
1
~800-899 sqft
$224,500
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Condo
2
1
~800-899 sqft

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Highlights

Property Estimate

Days on market30 days

Estimated valueNot available

Price/Sqft$265/sqft

Monthly cost

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Description

Welcome to The Gainsborough, a unique 55+ life lease community offering comfortable, convenient and welcoming independent living. This bright and well-maintained 2 bedroom, 1 bathroom suite offers approximately 885 sq. ft. of comfortable living space and features a south-facing balcony and vaulted ceilings in the living/dining area, creating an open and airy feel. This unit is completely carpet free, with hard surface flooring throughout the main living areas and easy transitions between rooms for added convenience. The air conditioning was replaced in spring of 2026. The updated kitchen features freshly painted cabinetry, new hardware and a stylish backsplash. The bathroom offers a convenient tub/shower cutout designed to make entry and exit easier and provide added convenience. Residents of The Gainsborough enjoy an impressive selection of amenities designed to encourage an active, social and connected lifestyle, including a woodworking room, library, exercise room, billiards, ping pong, fireside lounge, hair salon, chapel, outdoor patios and comfortable seating. Enjoy the convenience of being within walking distance to Sherwood Forest Mall, The Aquatic Centre, nature and bike trails, with University Hospital also nearby. The purchase includes an exclusive underground storage locker and one surface level parking space. Underground parking is $50 a month and subject to availability. The Gainsborough is a 55+ community. Maximum 2 adults per unit. No pets and no rentals are permitted. Please note that life lease purchases are cash only, with no mortgage financing available.


Property Details

StyleApartment
View-
Age of property16-30
SqFt~800-899 SqFt
Lot Size-
Parking Spaces1
MLS ®NumberX13775544
Community NameMedway
Data SourceTRREB
Listing byRE/MAX ICON REALTY

Features

Heating: Forced Air
Cooling: Central Air

Flat Floor

Foyer

2.74 x 1.25

Living

3.96 x 5.49

Vaulted Ceiling

Kitchen

3.63 x 2.71

Updated / Backsplash

Primary

3.05 x 4.27


Features

Patio: Open
Balcony: Open

Parking

Garage spaces -

Garage type -

Total parking spaces 1


3Story
Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Sep 12, 2026
ListedActive
$224,500
30 days on market
history photo preview36
Listing by trreb®
Property listed by RE/MAX ICON REALTY, Brokerage
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Market Data - Medway

Geo Zone Map ThumbnailMedway

Strong Buyer's Market

View Market Data

Condo - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

46 days

Compared to

2025

57 days

2024

34 days

2023

37 days

New Listings

Past 30 days

9 listings

Compared to

2025

11 listings

2024

11 listings

2023

5 listings

Units sold

Past 30 days

4 units

Compared to

2025

3 units

2024

5 units

2023

5 units

Median Sold Price

Past 30 days

$353,750

Compared to

2025

$302,000

2024

$465,000

2023

$440,000


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