215 - 511 GAINSBOROUGH ROAD
London and St. Thomas · N6G0H2
$209,900
About this residence
Welcome to the Gainsborough! This is a unique Life Lease Community for adults 55+. Discover comfort and convenience in this stylish 2-bedroom, 1.5 bathroom condo with private balcony. Perfectly designed for modern living, this home offers a well-appointed layout with neutral finishes throughout. The open concept living and dining area is spacious, offering plenty of natural light and a warm, inviting atmosphere with plenty of windows. The kitchen features ample cabinet and counter space ideal for preparing meals or entertaining guests. The spacious bedrooms offer a peaceful retreat, complete with a generous closets for all your storage needs. The 4 pc. bathroom is very spacious and functional with bedroom access. The added feature of the 2pc. bathroom is perfect for guests. Separate in unit laundry room with storage. Located in a desirable neighborhood, this unit provides easy access to local shops, restaurants, and public transportation, making it the ideal spot for city living. Building offers woodworking room, library, exercise room, billiards room, ping pong, fireside lounge, hair salon, chapel, guest suites, outdoor patios and sitting space. Each unit includes an exclusive underground storage locker, with open surface parking included and underground parking available for $50/month (subject to availability). Located within walking distance of the scenic nature trails, Sherwood Forest Mall, Aquatic Centre, public transit, and close to University Hospital. This community is ideal for an active and social lifestyle. Please note that this is a no-pet, cash-purchase-only community with no mortgage options available for life lease. All appliances included! Cash purchase only, a Life lease building cannot be mortgaged. For Adults 55 plus. Maximum of 2 adults per unit. No Pets & No Renters allowed. (id:61366)
Property details
- Property type
- Single Family
- Style
- Apartment
- Ownership
- Leasehold
- Bedrooms
- 2 (2 above)
- Bathrooms
- 2 (1 half)
- Living area
- 800–899 sq ft
- Parking
- 1 spaces
- Fireplace
- 1
- Annual tax
- $1,843
- Association fee
- $783
- MLS®
- X13121706
- Board
- London and St. Thomas
- Status
- Inactive
- Listed
- May 13, 2026
- Updated
- May 24, 2026
Room dimensions
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 4.36 × 5.29 m |
| Kitchen | Main level | 3.14 × 3.75 m |
| Primary Bedroom | Main level | 4.32 × 4.18 m |
| Bedroom | Main level | 4.4 × 4.94 m |
Features & finishes
Appliances
- Washer
- Refrigerator
- Dishwasher
- Dryer
- Stove
- Freezer
Heating
- Natural gas
Cooling
- Central air conditioning
Exterior
- Brick
Foundation
- Concrete
Parking
- No Garage
Lot
- Flat site
- Elevator
- Dry
- Balcony
- In suite Laundry
Community
- Pets not Allowed
Financing
Estimated monthly payment
$982/mo
Loan amount
$167,920
Down payment
$41,980
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
London and St. Thomas
Nearby
About the area
Census · N6G- 50,940
- Population
- 36
- Median age
- $96,000
- Median income
- $650,000
- Median home value
- 71%
- Home ownership
- 24 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 215 - 511 GAINSBOROUGH ROAD?
215 - 511 GAINSBOROUGH ROAD is listed for $209,900, in London and St. Thomas.
How many bedrooms and bathrooms does 215 - 511 GAINSBOROUGH ROAD have?
It offers 2 bedrooms and 2 bathrooms (including 1 half-bath).
What type of home is 215 - 511 GAINSBOROUGH ROAD?
215 - 511 GAINSBOROUGH ROAD is a Single Family, Apartment.
How large is 215 - 511 GAINSBOROUGH ROAD?
The home offers approximately 800–899 sq ft of living space.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $982. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $1,843 per year.
Is there parking?
Yes — 215 - 511 GAINSBOROUGH ROAD includes 1 parking space.
What is the London and St. Thomas area like?
London and St. Thomas has a population of about 50,940, a median age of 36, a 71% home-ownership rate, with an average commute of about 24 minutes.
What is the average home value in London and St. Thomas?
The median dwelling value in this area is approximately $650,000, based on census data via Neighbourly.
What is the median household income in London and St. Thomas?
The median household income in this area is approximately $96,000.
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