$379,900
Est. $1,780/mo mortgage
550 Second Street #2 · London East, N5V 3S3
MLS® X13818264
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
Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.
79% confidence · 36 sold homes within 2 km, by price per sq ft
Monthly paymentest. $2,723/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 · sold 4% below the final 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
Sold$440,000
26 - 624 WILLIAM Street, London East
Sold$462,500
34 - 810 Maitland Street, London East
See what these 6 homes sold for
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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.
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.
Similar Listings
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
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