550 Second Street #2 · London, N5V 3S3
MLS® X13818264
Listed Sep 23, 2026
Listing courtesy of Homelife Silvercity Realty INC.·Listing last changed Sep 24
Key facts
- Property type
- Condo townhouse
- Square footage
- 1,200-1,399 sqft
- Storeys
- 2
- Age
- 31-50 years
- Parking
- 1 space
- Property tax
- $1,744/yr (2026)
Description
Welcome to 550 Second Street, Unit 2 - a beautifully updated 3+1 bedroom, 1.5 bathroom condo townhouse offering modern finishes, functional living space, and a convenient East London location. An excellent opportunity for first-time buyers, families, or investors, this move-in-ready home features luxury vinyl flooring, updated trim and interior doors, and modern light fixtures throughout. The main floor offers a modern kitchen and a bright, open-concept living and dining area, along with a convenient powder room. Upstairs are three spacious bedrooms, including a primary bedroom with two large closets, plus an updated 4-piece bathroom with a tiled shower. The partially finished basement provides additional versatility with one bedroom, a den, and unfinished space for storage, giving you plenty of room to adapt the home to your needs. Located approximately a 10-minute walk to Fanshawe College, with convenient access to public transit, shopping, restaurants, schools, parks, and everyday amenities. Enjoy low-maintenance condo living in a well-maintained complex. Fresh, modern, and move-in ready - book your private showing today!
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Property details
Interior
- Size
- 1,200-1,399 sqft
- Bedrooms
- 3 above grade, 1 lower level
- Rooms
- 8 rooms
- Bathrooms
- 1 × 2-piece on Main, 1 × 3-piece on Second
- Basement
- Partially Finished
- Heating
- Forced Air
- Cooling
- Central Air
- Ensuite laundry
- No
Building & lot
- Type
- Condo townhouse, 2-Storey
- Age
- 31-50 years
- Exterior
- Board & Batten
- Foundation
- Concrete
- Roof
- Shingles
- Storeys
- 2
- Exposure
- West
Parking
- Parking
- 1 space
- Locker
- None
Fees & taxes
- Condo fee
- $386/mo
- Fee includes
- parking
- Pets
- Yes, with restrictions
- Property tax
- $1,744/yr (2026)
- Corporation
- MCC 300
- Managed by
- Lionearth PM
Estimated value range
$361K to $399K
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
DirectionsLondon East, ON
Expansive east London district with parks and a wide range of affordable to mid-range housing.
Schools nearbyclosest is London Central Secondary School, 430 m
Elementary
- 7.8
Woodfield French Immersion Public School
870 m · Grades JK-8
Thames Valley District School Board
- 8.4
St. John French Immersion School
1.2 km · Grades JK-8
- 4.5
Aberdeen Public School
1.3 km · Grades JK-8
Thames Valley District School Board
Secondary
- 8.0
London Central Secondary School
430 m · Grades 9-12
Thames Valley District School Board
- 5.7
Catholic Central High School
540 m · Grades 9-12
London District Catholic School Board
- 5.3
H B Beal Secondary School
900 m · 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. $2,640/mo all in
Monthly payment estimate
Land transfer tax$4,174 on closing
Ontario LTT
$4,174
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 5% from the first ask
Listed Sep 23, 2026
Listed Aug 16, 2023 · 1 day on market
Aug 17, 2023
1 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
Sold768 Banyan Lane, London North
Sold90 - 690 Little Grey Street, London East
See what these 6 homes sold for
Create a free account to see sold prices and comparable sales.
Market conditionsBalanced market in London
5.9 months of inventory: supply and demand are roughly balanced. Nearby, 6 sales in the last 90 days went for an average of 96.4% of asking.
Avg. sold price
$403,750
Sale-to-list ratio
96.4%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $91,000 household income
Minimum household income required
$91,000
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? Call Colin at (226) 212-5099 or text
Rental market$2,300/mo median for 3 bed nearby
$2,300/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 56 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.
Get notified about similar homes
New condo townhouse listings in Argyle.
Colin Abbot, Broker
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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