550 Elizabeth Street · London, N5W 3S4
MLS® X13768552
Listed Sep 9, 2026
Listing courtesy of Blue Forest Realty INC.·Listing last changed Oct 8
Key facts
- Property type
- Detached
- Square footage
- 1,100-1,500 sqft
- Lot size
- 45 × 331 ft
- Parking
- 3 spaces
- Property tax
- $4,342/yr (2025)
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.
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Property details
Interior
- Size
- 1,100-1,500 sqft
- Rooms
- 6 rooms
- Bathrooms
- 1 × 3-piece on Main, 1 × 2-piece on Main
- Basement
- Partial Basement
- Heating
- Forced Air
- Cooling
- Central Air
Building & lot
- Type
- Detached, Bungalow
- Lot size
- 45 × 331 ft
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Metal
- Water & sewer
- Sewer
Parking
- Driveway
- Private, Tandem (3 spaces)
- Parking
- 3 spaces
Fees & taxes
- Property tax
- $4,342/yr (2025)
Rooms
Main
- Kitchen, Combined w/Laundry
- 4.56 × 3.95 m
- Living Room
- 5.55 × 6.13 m
- Bedroom 2
- 3.09 × 3.47 m
Estimated value range
$427K to $472K
An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.
Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.
Schools nearbyclosest is St Mary School, 640 m
Elementary
- 9.3
St Mary School
640 m · Grades 5-8
London District Catholic School Board
- 7.8
Woodfield French Immersion Public School
770 m · Grades JK-8
Thames Valley District School Board
- 4.2
East Carling Public School
1.2 km · Grades JK-8
Thames Valley District School Board
Secondary
- 5.3
H B Beal Secondary School
760 m · Grades 9-12
Thames Valley District School Board
- 5.7
Catholic Central High School
990 m · Grades 9-12
London District Catholic School Board
- 8.0
London Central Secondary School
1.3 km · Grades 9-12
Thames Valley District School Board
Distances are straight-line from this address. School boards set their own attendance areas and do not publish them, so a school listed here is not a guarantee of placement. Confirm with the board before you rely on it.
Monthly paymentest. $2,814/mo all in
Monthly payment estimate
Land transfer tax$5,473 on closing
Ontario LTT
$5,473
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed Sep 9, 2026
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
Sold comparables nearby
Sold946 Dufferin Avenue, London East
Sold473 Dorinda Street, London East
See what these 6 homes sold for
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Market conditionsBuyer’s market in London
6.9 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 95.5% of asking.
Avg. sold price
$414,250
Sale-to-list ratio
95.5%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $114,000 household income
Minimum household income required
$114,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization, this home's listed property tax and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Ask Colin →Rental market$1,750/mo median for 2 bed nearby
$1,750/month is the median rent for 2-bedroom homes leased within 3km over the past 12 months, across 110 leases.
What comparable homes actually leased for, not an estimate of what this one would rent for. Rent depends on condition, finishes and timing in ways this figure cannot see.
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
No obligation. Pick a time that suits you.
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Colin Abbot, Broker, Westwood Realty Team
Oak and Key Real Estate Brokerage Inc., Brokerage, 490 Melcrest Road, London, ON N6J 3T1, Phone: (226) 212-5099
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