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$449,900

Estimated value $427K to $472K

Est. $2,108/mo mortgage

2bd·2ba·1,100-1,500sqft

550 Elizabeth Street · London, N5W 3S4

MLS® X13768552

47 days on market47 days on market

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.

Location & neighbourhood

Directions
Old East Village →

London East, ON

Arts district with walkable streets and character homes.

Schools nearbyclosest is St Mary School, 640 m

Elementary

  • St Mary School

    640 m · Grades 5-8

    London District Catholic School Board

    9.3
  • Woodfield French Immersion Public School

    770 m · Grades JK-8

    Thames Valley District School Board

    7.8
  • East Carling Public School

    1.2 km · Grades JK-8

    Thames Valley District School Board

    4.2

Secondary

  • H B Beal Secondary School

    760 m · Grades 9-12

    Thames Valley District School Board

    5.3
  • Catholic Central High School

    990 m · Grades 9-12

    London District Catholic School Board

    5.7
  • London Central Secondary School

    1.3 km · Grades 9-12

    Thames Valley District School Board

    8.0

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

Mortgage (5.07%, 25yr)$2,108
Property tax$362
Insurance (est.)$94
Utilities (est.)$250
Total monthly$2,814
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

$449,900

Listed Sep 9, 2026

On the market

Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.

Sold comparables nearby

946 Dufferin Avenue, London EastSold

946 Dufferin Avenue, London East

3 bd·2 ba·1,100-1,500 sqft
473 Dorinda Street, London EastSold

473 Dorinda Street, London East

2 bd·2 ba·1,100-1,500 sqft

See what these 6 homes sold for

Create a free account to see sold prices and comparable sales.

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.

Buyer's marketBalancedSeller's market

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.

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Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

No obligation. Pick a time that suits you.

(226) 212-5099 · colin@searchlondonhomes.com

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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

Not intended to solicit clients already under contract.

Information herein is deemed reliable but not guaranteed. Listing data is provided by the London and St. Thomas Association of REALTORS® through the MLS® System and is updated multiple times daily. All measurements, square footage, taxes, and property details should be independently verified by buyers and their representatives.

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