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Homes for Sale in London, Ontario

550 Elizabeth Street

London East, N5W 3S4·MLS® X13541316·

Listing courtesy of Blue Forest Realty INC.·Updated 5 hours ago

For sale
1 / 42
2Beds
2Baths
1,100-1,500Sqft
Year Built

Listing price

$485,000

Est. $2,310/mo

Days on market

1

Listed Jul 9, 2026

Description

Charming All-Brick Ontario Cottage on a Rare 331-Ft-Deep Lot in the Heart of Old East Village! Welcome to 550 Elizabeth Street, a lovingly maintained 2-bedroom bungalow brimming with character and thoughtfully updated over the years. As you walk in, you'll appreciate the timeless charm of this all-brick Ontario cottage with hardwood floors throughout & soaring 11' high ceilings, original baseboards and trim, and beautiful oversized windows that fill the home with natural light. The inviting living room centres around a cozy gas fireplace, perfect for relaxed evenings, and flows into the kitchen and dining room. The kitchen offers the added convenience of in-suite laundry, while a practical mudroom off the driveway makes coming and going a breeze on rainy and snowy days. The primary bedroom features its own private 2-piece ensuite, and a full 3-piece bathroom serves the rest of the home. Outside is where this property truly stands apart: an expansive 45 x 331 ft lot offering exceptional potential for an auxiliary dwelling unit (ADU), garden suite, workshop, or simply a spectacular backyard retreat, along with a large 3-4 car driveway providing easy access to the yard. Major updates provide genuine peace of mind: lifetime metal roof (2019), updated electrical with 100A breaker panel and wiring (2018/19), spray foam insulation in basement (~2021), attic insulation (~2017) windows (2014/15), main water line (~2016), sewage cleanout (~2015), and an owned water heater. All this in one of London's most vibrant and fast growing neighbourhoods, just steps to 100 Kellogg Lane, the Western Fair District and Farmers' Market, Lorne Ave Park, and the independent shops, cafes, and restaurants along Dundas Street. Whether you're a first time buyer, downsizer, or investor eyeing the lot's future potential, 550 Elizabeth Street delivers character, convenience, and opportunity in equal measure.

Property details

Basement

Partial Basement

Parking

3 spaces

Type

Detached — Bungalow

Heating

Forced Air

AI property estimate

$527,500Above Market
$437,000$553,222

72% confidence · 21 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Woodfield

London East, ON

Heritage neighbourhood with Victorian-era homes on tree-canopied streets near downtown.

Monthly payment estimate

Mortgage (5.24%, 25yr)$2,310
Property tax$525
Insurance (est.)$101
Utilities (est.)$250
Total monthly$3,186

Land transfer tax

Ontario LTT

$6,175

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 9, 2026Listed
$485,000

Sold comparables nearby

74 Victoria Street, London EastSold

$650,000

74 Victoria Street, London East

2 bd·2 ba·1,500-2,000 sqft
142 Harley Street, London EastSold

$545,000

142 Harley Street, London East

2 bd·3 ba·1,100-1,500 sqft

See all 10 comparables

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Market conditions · East G

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

$1,940

Rental yield

4.8%

Est. cash flow

-$1,246

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

$119,488

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

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AI estimate

$527,500

Above Market

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