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Murat Sahiner, Broker | Home6 Team at RE/MAX Realtron Realty Inc., Brokerage | 88 Konrad Crescent, Markham, ON L3R 8T7

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511 Gainsborough Road #327 London
For SalePrice DropGrace Community in London North

511 Gainsborough Road #327 London, Condo Apartment for Sale

MLS® X13775544

London, ON

58 days on market
$224,500
Previously $234,900
Show on Map
Show on Map
2Beds
1Baths
850Sqft
1Parking
Condo Apartment

Overview· 511 Gainsborough Road #327 London

MLS® #X13775544

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. Seller is very motivated!!

Inclusions

Refrigerator, Dishwasher, Stove, Washer, Dryer

Broker

RE/MAX ICON REALTY

Building

Grace Community

511 Gainsborough Road

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Walk Score®46Car-DependentCar-Dependent
Transit Score®42Some TransitSome Transit
Bike Score®68BikeableBikeable
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Safety—Crime data covers Toronto onlyCrime data covers Toronto only

Highlights & Amenities· 511 Gainsborough Road #327 London

Source: MLS® listing data
Grace Community

Grace Community

511 Gainsborough Road #327 London

London North

Built

16-30

Type

Condo Apartment

Basement

None

Parking

Underground (1)

Property Tax

~$1,819/yr

Heating

Forced Air

Laundry

In-Suite Laundry

Buying Essentials

Maintenance Fee

$772/mo

Fee Includes

Building Insurance · Common Elements · Water

Square Feet

850 sqft

Parking

Underground (1)

Locker

Exclusive

Finances

List Price

$224,500

Price per SQFT

$264/sqft

Property Tax

~$1,819/yr

Property Specs

Property Type

Condo Apartment

MLS Size

850 sqft

Age of Building

16-30

Exposure

North South

Outdoor Space

Open

Basement

None

Living & Amenities

Laundry

In-Suite Laundry

Heating Type

Forced Air

Features

Carpet Free · Storage Area Lockers · Storage

Policies & Utilities

Pets Allowed

No

Neighbourhood

London North

Corp #

GCC 0

Property Manager

Grace Community Corp

Listed On

Sep 11, 2026

Price & Listing History

Days on Market

Current: 58 days

0306090120+

Rooms

Foyer(Flat)

9.0 x 4.1

37 sqft

Living Room(Flat)

Vaulted Ceiling(s)

13.0 x 18.0

234 sqft

Kitchen(Flat)

Updated, Backsplash

11.9 x 8.9

106 sqft

Primary Bedroom(Flat)

10.0 x 14.0

140 sqft

Bedroom(Flat)

8.6 x 11.7

101 sqft

Laundry(Flat)

8.0 x 5.0

40 sqft

RoomsDimensionsFeaturesSqft
Foyer(Flat)9.0 x 4.1—37
Living Room(Flat)13.0 x 18.0Vaulted Ceiling(s)234
Kitchen(Flat)11.9 x 8.9Updated, Backsplash106
Primary Bedroom(Flat)10.0 x 14.0—140
Bedroom(Flat)8.6 x 11.7—101
Laundry(Flat)8.0 x 5.0—40

Rooms

6

Listed Room Area

658 sqft

Source

Estimated from MLS room dimensions

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Mortgage Calculator

Mortgage Summary

Mortgage Payment$903/mo
Property Tax$152/mo
Total Monthly$1,055

Monthly Cash Flow (investors)

$
Net Cash FlowN/A

Closing Costs

Estimated closing costs$0
Cash required incl. down payment$0