$224,500
↓ $10,400 from $234,900
Est. payment $994/moCalculate yours
511 Gainsborough Road 327, London North, ON N6G 4Z5
North, London, ON N6G 4Z5
- 2 Beds
- 1 Baths
- 800 Sq Ft
Listing courtesy of RE/MAX ICON REALTY MLS® X13775544
About this home
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
Overview
- Property Type
- Condo Apartment
- Style
- Apartment
- For
- For Sale
- Status
- Price Change
- Approximate Age
- 16-30
- Size
- 800 sqft
Interior
- Bedrooms
- 2
- Bathrooms
- 1
- Kitchens
- 1
- Basement
- None
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Brick, Stucco (Plaster)
Lot & Parking
- Parking
- Underground garage · 1 total
Financial
- Property Taxes
- $1,819 (2025)
- Condo Fee
- $772/mo
- Fee Includes
- Building Insurance Included, Common Elements Included, Water Included
- Pets
- No
Location
- Neighbourhood
- North
- Cross Street
- Wonderland and Gainsborough
Listing
- MLS® Number
- X13775544
- Days on Market
- 37
- Listed On
- 2026-09-11
- Listed By
- RE/MAX ICON REALTY
Rooms
Features
Interior
- Carpet Free
- Storage Area Lockers
- Storage
- Included
- Refrigerator, Dishwasher, Stove, Washer, Dryer
- Rental items
- Hot water heater
Mortgage calculator
Estimated mortgage payment
$994 per month
- Principal and interest
- $994
- Property tax
- $152
- Condo fees
- $772
- Estimated monthly cost
- $1,918
Your mortgage
- Mortgage amount
- $179,600
- Mortgage insurance
- Not needed
- Interest over 25 years
- $118,611
Cash to close
- Down payment
- $44,900
- Land transfer tax
- $1,970
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $46,870
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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