550 Second Street #45
London East, N5V 3S3·MLS® X13519988·
Listing courtesy of Re/max Advantage Realty LTD.·Updated 4 hours ago
Listing price
$399,000
Est. $1,900/mo
Days on market
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
82% confidence · 4 comparable sales analysed
Monthly payment estimate
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
Sold comparables nearby
Sold$310,000
77 - 595 Third Street, London East
Sold$370,000
36 - 577 Third Street, London East
See all 10 comparables
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Market conditions · East H
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
Affordability
Minimum household income required
$99,959
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$383,040
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