Skip to content

550 Elizabeth Street

London East, N5W 3S4·MLS® X13768552

Listing courtesy of Blue Forest Realty INC.·Updated 21 hours ago

Listing price

$465,000

Est. $2,215/mo

Days on market

2

Listed Sep 10, 2026

For sale
1 / 42
2bd·2ba·1,100-1,500sqft

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.

Read more ›

Property details

Type
Detached, Bungalow
Lot size
45 × 331 ft
Interior
1100-1500 sqft
Rooms
6 rooms
Bathrooms
1 × 3-piece on Main, 1 × 2-piece on Main
Basement
Partial Basement
Heating
Forced Air
Cooling
Central Air
Exterior
Brick
Foundation
Concrete Block
Roof
Metal
Water & sewer
Sewer
Driveway
Private, Tandem (3 spaces)
Parking
3 spaces
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
Mud Room
3.4 × 2.34 m
Dining Room
3.18 × 3.95 m
Primary Bedroom, 2 Pc Bath
3.33 × 6.27 m
Foyer
1.2 × 3.7 m

AI property estimate

$472,154About at asking price

Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.

$424,939$519,369

73% confidence · 40 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 paymentMortgage, tax and fees

Monthly payment estimate

Mortgage (5.24%, 25yr)$2,215
Property tax$504
Insurance (est.)$97
Utilities (est.)$250
Total monthly$3,065
Land transfer taxOne-time, on closing

Ontario LTT

$5,775

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 2 times · asking price down 4% from the first ask

$465,000 4%

Listed Sep 10, 2026

On the market
$485,000

Listed Jul 8, 2026 · 63 days on market

Taken off the market

Sep 9, 2026

63 days on the market in total across 2 listings. Each listing carries its own MLS® number, so the days-on-market shown on any single one resets.

Sold comparables nearby

7 Watling Street, London EastSold

$360,000

7 Watling Street, London East

2 bd·2 ba·700-1,100 sqft
96 Dreaney Avenue, London EastSold

$368,000

96 Dreaney Avenue, London East

3 bd·1 ba·700-1,100 sqft

See what these 6 homes sold for

Create a free account to unlock premium data.

Market conditionsLondon East · last 90 days
Buyer's marketBalancedSeller's market

Avg. sold price

$387,000

Sale-to-list ratio

95.5%

Based on 6 recent comparable sales near this home.

AffordabilityWhat income this home needs

Minimum household income required

$122,000

Based on 20% down, a 7.24% qualifying rate (the 5.24% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.

Not sure about financing? Ask Colin

Similar Listings

Own a home in London East?

Find out what it's worth.

Get your free valuation →

AI estimate

$472,154

Priced at estimate
CA

Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

Message Colin about this home

By submitting, you agree to receive communications from Oak and Key Real Estate Brokerage Inc. You can unsubscribe at any time.

Get notified about similar homes

New detached listings in East G.