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550 Second Street #45

London East, N5V 3S3·MLS® X13519988·

Listing courtesy of Re/max Advantage Realty LTD.·Updated 4 hours ago

For sale
1 / 25
3Beds
3Baths
1,200-1,399Sqft
31-50Year Built

Listing price

$399,000

Est. $1,900/mo

Days on market

1

Listed Jul 3, 2026

Description

Welcome to 550 Second St, Unit 45! This beautifully updated townhouse offers 3+1 bedrooms, family room and 2.5 bathrooms, making it an excellent choice for first-time home buyers, families, or investors. The main floor features a bright kitchen with a large window, a spacious dining area, a comfortable living room, and a convenient 2-piece bathroom. Upstairs, you'll find three generously sized bedrooms and a well-appointed 3-piece bathroom. The finished basement with 3-piece washroom that can easily be used as a home office, gym, playroom, or additional living space. Step outside to enjoy the fully fenced backyard, perfect for relaxing or entertaining. Recent updates include new flooring, fresh paint throughout, new carpet on the stairs, a new quartz kitchen countertop, and a new roof (May 2026), AC (2026) offering peace of mind for years to come. Conveniently located just minutes from Fanshawe College, shopping, schools, parks, public transit, and other amenities, this move-in-ready home is an outstanding opportunity for both personal residence and investment. Some photos have been virtually staged.

Property details

Basement

Full, Partially Finished

Parking

1 spaces

Type

Condo Townhouse — 2-Storey

Heating

Forced Air

AI property estimate

$383,040Below Market
$359,100$406,980

82% confidence · 4 comparable sales analysed

Location & neighbourhood

East H

London East, ON

Monthly payment estimate

Mortgage (5.24%, 25yr)$1,900
Property tax$432
Insurance (est.)$83
Utilities (est.)$250
Total monthly$2,666

Land transfer tax

Ontario LTT

$4,460

First-time rebate

$4,000

First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.

Price & listing history

Jul 3, 2026Listed
$399,000

Sold comparables nearby

77 - 595 Third Street, London EastSold

$310,000

77 - 595 Third Street, London East

3 bd·2 ba·1,200-1,399 sqft
36 - 577 Third Street, London EastSold

$370,000

36 - 577 Third Street, London East

3 bd·2 ba·1,000-1,199 sqft

See all 10 comparables

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Market conditions · East H

Buyer's marketBalancedSeller's market

Avg. sold price

$682,400

+5.2%

Avg. days on market

18

−3d

Sale-to-list ratio

101.2%

+0.8%

Investment analysis

Est. monthly rent

$1,596

Rental yield

4.8%

Est. cash flow

-$1,070

Cap rate

3.3%

Best time to sell

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Peak
Good
Average

Affordability

Minimum household income required

$99,959

Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.

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AI estimate

$383,040

Below Market

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