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
Listed Sep 10, 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.
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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
Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.
73% confidence · 40 sold homes within 2 km, by price per sq ft
Location & neighbourhood
London East, ON
Heritage neighbourhood with Victorian-era homes on tree-canopied streets near downtown.
Monthly paymentMortgage, tax and fees
Monthly payment estimate
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
Listed Sep 10, 2026
Listed Jul 8, 2026 · 63 days on 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
Sold$360,000
7 Watling Street, London East
Sold$368,000
96 Dreaney Avenue, London East
See what these 6 homes sold for
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Market conditionsLondon East · last 90 days
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
AI estimate
$472,154
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
519-859-4579 · colin@searchlondonhomes.com
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