Unit 327, 511 Gainsborough Road
London (North F), ON N6G 4Z5
The GainsboroughSee every listing here- 2Bedrooms
- 1Bathroom
- 1Parking
- 800–899Sq Ft
- $1,819Tax
- $772/moCondo Fee
Estimated Value:$217,276See Free Estimate Report
Sale & Price History for Unit 327, 511 Gainsborough Road, London, North F
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| No listing history available | ||||
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About Unit 327, 511 Gainsborough Road, London, North F
Summarized Description
- Unique 55+ life lease community for independent living.
- Bright 2 bedroom, 1 bathroom suite with 885 sq. ft.
- South-facing balcony with vaulted ceilings.
- Updated kitchen with freshly painted cabinetry.
- Convenient tub/shower cutout for easier access.
- Completely carpet free with hard surface flooring.
- Walking distance to Sherwood Forest Mall and trails.
- Includes underground storage locker and parking space.
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.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $1,819
- Land Transfer Tax Fee
- $1,970
Condo/Maintenance Fee
- Maintenance Fee
- $772 /month
Included In Maintenance Fee
- Building Insurance Included
- Common Elements Included
- Water Included
Rental Items
- Rental Equipment
- Hot water heater
- Under Contract
- Hot Water Tank-Gas
- Basement Type
- None
Interior Features
- Pets Permitted
- No
- Laundry Features
- In-Suite Laundry
- Interior Extras
- Carpet Free, Storage Area Lockers, Storage
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Balcony
- Open
Building
- Building Type
- Condo Apartment
- Building Style
- Apartment
- Building Name
- Grace Community
- Approx Age
- 16-30
- Condo Corp Number
- 0
Construction
- Exposure
- North South
- Exterior Finish
- Brick, Stucco (Plaster)
- Special Designation
- Accessibility
Inclusions
- Inclusions
- Refrigerator, Dishwasher, Stove, Washer, Dryer
Parking & Garages
- Garage Type
- Underground
- Garage Spaces
- 0
- Parking Type
- Common
- Parking Spaces
- 1
- Total Garage And Parking Spaces
- 1
Lockers
- Locker Type
- Exclusive
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Bedrooms
- 2
- Washrooms
- 1
- Kitchens
- 1
Room sizes
- Primary Bedroom—Flat level
- Laundry—Flat level
- Foyer—Flat level
- Living Room—Flat level, Vaulted Ceiling(s)
- Kitchen—Flat level, Updated, Backsplash
- Bedroom—Flat level
Washrooms
- 4-piece
- Municipality
- London
- Neighbourhood
- North F
- Main cross streets
- Wonderland and Gainsborough
- Directions
- Wonderland Rd N, turn right onto Gainsborough Rd, turn left into parking lot for Grace Community.
- MLS® number
- X13775544
- Data source
- Toronto Regional Real Estate Board
- Listed on
- 2026-09-11
- Updated on
- 2026-10-11
- Days on market
- 34 days
- Possession date
- 2026-10-01
- Possession type
- 30-59 days
- Co-op commission
- 2%
- Seller
- Listed by
- RE/MAX ICON REALTY
Home Market Value
Current home valuation for Unit 327, 511 Gainsborough Road, London, North F, London, ON. Listed for $224,500
HOMEH Estimate
$217,276
Estimated Sales Range
$171,648 - $262,904
HOMEH Estimate for Unit 327, 511 Gainsborough Road, London, North F
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% of purchase price for homes $500K or less
$11,225
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $8,531 | $6,264 | $5,343 | $0 |
=Total mortgage | $221,806 | $208,314 | $196,168 | $179,600 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $1,083monthly | $1,017monthly | $958monthly | $877monthly |
Land Transfer Tax
$1,970
$1,970
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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