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For sale
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$379,900

Est. $1,780/mo mortgage

3bd·2ba·1,200-1,399sqft

550 Second Street #2 · London East, N5V 3S3

MLS® X13818264

2 days on market2 days on market

Listed Sep 23, 2026

Listing courtesy of Homelife Silvercity Realty INC.·Updated 3 hours ago

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
1200-1399 sqft
Rooms
8 rooms
Bathrooms
1 × 2-piece on Main, 1 × 3-piece on Second
Basement
Partially Finished
Heating
Forced Air
Cooling
Central Air
Laundry
N

Building & lot

Type
Condo Townhouse, 2-Storey
Age
31-50 years
Exterior
Board & Batten
Foundation
Concrete
Roof
Shingles
Storeys
1
Exposure
West

Parking

Parking
1 spaces
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

AI property estimate

$439,177Estimate is ~15.6% above asking

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

$395,259$483,095

79% confidence · 36 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
Downtown London

London East, ON

Urban core with condos, restaurants, and transit access.

Monthly paymentest. $2,723/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$1,780
Property tax$229
Insurance (est.)$79
Utilities (est.)$250
Condo fee$386
Total monthly$2,723
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 · sold 4% below the final ask

$379,900 5%

Listed Sep 23, 2026

On the market
$399,000

Listed Aug 16, 2023 · 1 day on market

Sold

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

26 - 624 WILLIAM Street, London EastSold

26 - 624 WILLIAM Street, London East

3 bd·3 ba·1,800-1,999 sqft
34 - 810 Maitland Street, London EastSold

34 - 810 Maitland Street, London East

2 bd·3 ba·1,400-1,599 sqft

See what these 6 homes sold for

Create a free account to unlock premium data.

Market conditionsBalanced market in London East

Homes here are selling close to asking. Based on 6 sales in the last 90 days, at an average of 100.3% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$462,900

Sale-to-list ratio

100.3%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $95,000 household income

Minimum household income required

$95,000

Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.

Not sure about financing? Ask Colin
Rental market$2,275/mo median for 3 bed nearby

$2,275/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 60 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

519-859-4579 · colin@searchlondonhomes.com

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