573 Mornington Avenue 103, London East

$173,000
573 Mornington Avenue 103

$173,000

New
4d
Condo Apartment1 Storey/Apt

573 Mornington Avenue 103, London East

Total Monthly Obligation $1,474

Beds
1
Baths
1
Park
1
Sqft
600-699
DOM
4d
Score
30
Yield
11.2%
Cash on Cash
9.0%
Cap Rate
6.5%
5Y IRR
22.8%
10Y IRR
20.7%
Property Type-Condo Apartment
MLS® Number-X14093090
Beds-1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 19, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-51-99
Taxes-$1,140 (2025)
Maintenance-$481/mo
Locker-None
Parking-1 - None
Basement-None
Heating-Baseboard (Electric)
Brokerage-SUTTON GROUP - SELECT REALTY
Cooling-Window Unit(s)
Laundry-No
Fireplace-No
Pool-None
Exterior-Stucco (Plaster)
Foundation-Poured Concrete
Possession-Flexible if assuming tenants
Neighbourhood-East G
Title-Residential Condo & Other

No agent assigned

Bright and well-kept 1-bedroom plus Den apartment on the first floor, freshly painted and featuring no carpets throughout for easy maintenance. The functional layout includes a separate den, ideal for a home office or additional living space. Conveniently located with easy access to downtown London and Highway 401 via Highbury Avenue, as well as nearby shopping, public transit, and everyday amenities. An excellent opportunity for investors or owner-occupants, with the flexibility for the current tenants to stay or vacate, depending on the buyer's needs. This apartment offers comfort, convenience, and flexibility. Don't miss this great opportunity!

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

Closing Costs

Mortgage Amount
$138,400
Land Transfer Taxes$1,455
Legal Fees (Est.)
$
Total cash required for closing$37,555

Total Monthly Obligation

$1,474/mo
Mortgage $698
Monthly Loss $1,290
Principal$184
Interest$514
Property Tax$95
Condo Fees$481
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.7%34
Cash-on-Cash
-0.7%6
5-Year IRR
15.8%76
10-Year IRR
15.7%
Returns Index
39.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
30/ 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
$8,119/yr
Net Cash Flow
-$21/mo
Cash Margin
-1.3%4
Cash Flow Index
3.7/ 100
Risk Profile
Weight: 20%
DSCR
0.9725
LTV Ratio
80.0%18
Vacancy Buffer
6.4 mo94
Risk Index
45.6/ 100

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

Comparables

Properties near 573 Mornington Avenue 103

Time

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