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511 Gainsborough Road 116, London North, ON N6G 4Z5, London North | Sold Condo Price & History | MLS® X11969348 | CondoPoint

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Off-Market

511 Gainsborough Road 116, London North, ON N6G 4Z5

2Bedrooms

1Bathrooms

1Parking

Key Highlights

Property TypeResidential Condo & Other

Property Sub TypeCondo Apartment

CityLondon North

NeighbourhoodNorth F

Days on Market21 Days

Sold DateApr 15, 2025

ExposureNorth

LockerExclusive

Property Description

The Gainsborough is a Life Lease Community for adults 55+ allowing affordable and worry-free retirement living on over 5 acres of beautifully landscaped grounds. This ground floor unit faces North and you will enjoy having coffee on your patio that backs onto a private lush green space. This Windsor floor plan has 2 ge...

Property Details

Construction MaterialsConcrete

Approximate Age0

MLS StatusSold

MLS #X11969348

Sold DateApr 15, 2025

Annual Taxes$1,647.29

Maintenance Fees$668.65

Maintenance Fee IncludesWater Included, Common Elements Included

Building NameThe Gainsborough

Cross StreetsWonderland Rd N

Interior Features

HeatingWater (Gas)

CoolingCentral Air

LaundryMain Level

Exterior Features

Architectural StyleCondo Apartment

Garage TypeSurface

Pets AllowedNo

ElevatorYes

Exterior FeaturesConcrete

Building & Property Amenities

elevator

guest suites

car wash

exercise room

party room/meeting room

community bbq

water included

common elements included

Comprehensive Specifications

AreaMiddlesex

Bedrooms Above Grade2

Buyer Office NameCOLDWELL BANKER POWER REALTY

Central Vacuum Y Nfalse

Contact After Expiry Y Nfalse

Contract StatusUnavailable

Den Familyroom Y Nfalse

DirectionsHead North on Wonderland Rd N, turn right onto Gainsborough Rd

Energy Certificatefalse

Ensuite Laundry Y Ntrue

Geocode SourceCITY_CENTROID

Green Property Information Statementfalse

InclusionsFridge, Stove, Dishwasher, Washer & Dryer

Kitchens Above Grade1

Kitchens Total1

Legal Stories1

List A O RLondon and St. Thomas Association of REALTORS

Living Area Range800-899

Locktrue

Mortgage CommentLife Lease - NO Mortgage Available

Parking Type1Common

Percent List Price98

Permission To Contact Listing Broker To Advertisefalse

Possession Details30 Days

Property Management CompanyGrace Communities Corp

Purchase Contract Date2025-03-05

Rental Itemshot water heater

Rooms Above Grade6

Senior Community Y Ntrue

Sign On Property Y Nfalse

Sold Conditional Entry TimestampFeb 18, 2025

Sold Entry TimestampMar 6, 2025

Square Foot SourceUnit Floor Plan - The Windsor 885 sqft

Status Certificate Y Nfalse

Street SuffixRoad

Tax Year2024

Unit Number116

Vendor Property Info Statementfalse

Washrooms Type11

Washrooms Type1 LevelGround

Washrooms Type1 Pcs4

Map

Rooms

Name	Size	Features
Laundry	1.68 x 2.36 m
Living Room	3.96 x 5.49 m
Kitchen	2.66 x 3.5 m

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Room Dimensions & Interior

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Mortgage Calculator & Financial Insights

Estimated Paymentmonthly

$1,954 / month

Req. Household Income

$57,460/yr

Est. Upfront Cash

$12,500

Down Payment (5.0%)$11,000

5.0% ($11,000)50% ($110,000)

Interest Rate4.04%

Amortization Period

Monthly Payment Breakdown

Principal & Interest

$1,148

Property Taxes

$137

Maintenance Fees

$669

Req. Household Income (32% GDS):$57,460/yr

* Disclaimer: Estimated calculations for informational purposes only. Actual payments may vary based on lender approval, interest rates, taxes, insurance, and other applicable costs.