- Bedrooms
- 3+1
- Bathrooms
- 2
- Size
- 1,200–1,399sq ft
- Per sq ft
- $292at the range’s middle
- Tax a year
- $1,7442026 tax year
- Built
- 31-50
- Parking
- 1none
- Days on market
- Members
The brief
About 2-550 Second St
2-550 Second St is a 3+1-bedroom, 2-bathroom condo townhouse in East H, London East, listed for sale at an asking price of $379,900 (MLS® X13818264).
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!
Insights
Condition Score
Good71/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Covers costs68/100+$185/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 5 condos with 4 bedrooms for lease in London East right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $1,744 / 2026
- MLS® number
- X13818264
- Board
- TRREB MLS®
- Property Type
- Condo Townhouse
- Building Age
- 31-50
- Days on market
- Size
- 1200-1399 sqft
- Listed on
- Parking
- None, 1 Parking
Property details
Property
- Property Type
- Condo Townhouse
- Style
- 2-Storey
- Community
- East H
- Municipality
- London East
Building
- Size
- 1200-1399 sqft
- Building Age
- 31-50
- Construction
- Board & Batten
Inside
- Bedrooms
- 3+1
- Bathrooms
- 2
- Bathroom Details
- 1 × 2pc Main, 1 × 3pc 2nd
- Basement Type
- Partly Finished
- Kitchens
- 1
Parking
- Garage Type
- None
- Additional Parking
- 1
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Foundation
- Concrete
- Roof
- Shingles
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- Refrigerator,electric stove,washer,dryer, ELFs and window coverings/blinds.
- Condo maint.
- $386
Rooms
Room details unavailable
The listing source did not provide room-level measurements or features.
Listing history
Buy/sell history for 2-550 Second St, London East, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $379,900 | N/A | For Sale | X13818264 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $75,980
- Total mortgage amount
- $303,920
- Total interest payment
- $216,280
- Total purchase cost
- $596,180
- Mortgage payment
- $1,734/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
11%Monthly carrying cost
$2,265- Carrying cost $2,265
- Surplus $185
Rental income opens at $2,450, the median asking rent of 5 comparable homes for lease in London East. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $4,174
- Total land transfer tax
- $4,174
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $174
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $379,900
- $1,949
- Ontario total
- $4,174
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- No mapped wetland within 120 m120 m
- 1 water-supply well recorded within 250 m30 test or monitoring holes also recorded. From Ontario’s well records; locations can be approximate. The records do not show how this home gets its water. Wells nearby typically go down about 6.4 m.250 m
- Groundwater recorded about 7.5 m below ground nearbyThe middle water level in the well records within 500 m (104 records). It changes with the season and from spot to spot.500 m
Province of Ontario open data
Planning and building activity2
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- Nearest airport: 8.2 km8.2 km
Province of Ontario open data
Around the home2
- Nearest rail line: 370 m370 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 2 facilities within 1 km report pollutant releases to Environment CanadaThe nearest is London District Energy, 610 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by London Hydro Inc.At the address
- Wired internet 50/10 Mbps or faster is listed at this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (10 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.At the address
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, NFTC, Rogers, Start Communications. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Execulink, Falcon Internet Services, Rogers, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Upper Thames River Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
The market
Condos for sale in East H right now
- For sale now
- 12
- Median asking price
- $304K
- New in 7 days
- 1
- Price cuts
- 25%
Middle half: $293K to $342K
5 in 28 days
3 listings
This home is asking 25% above the median, higher than three quarters of them.
See all homes in East HAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Woodfield French Immersion Public SchoolThames Valley DSB | Public · grades JK–8 · French Immersion | 850 m | 77%Grade 6 average |
| St. John French Immersion SchoolLondon District Catholic School Board | Catholic · grades JK–8 · French Immersion | 1.2 km | 83%Grade 6 average |
| Aberdeen Public SchoolThames Valley DSB | Public · grades JK–8 | 1.3 km | 56%Grade 6 average |
| École élémentaire catholique Frère AndréConseil scolaire catholique Providence | French-language Catholic · grades JK–6 | 3.7 km | 85%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| London Central Secondary SchoolThames Valley DSB | Public · grades 9–12 · French Immersion | 450 m | 81%Grade 9 math |
| Catholic Central High SchoolLondon District Catholic School Board | Catholic · grades 9–12 | 550 m | 57%Grade 9 math |
| H B Beal Secondary SchoolThames Valley DSB | Public · grades 9–12 | 900 m | 56%Grade 9 math |
| École secondaire catholique Monseigneur-BruyèreConseil scolaire catholique Providence | French-language Catholic · grades 9–12 | 3.6 km | 57%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
Similar Active Listings
Recently sold nearby
Sold prices in East H are shown to signed-in members.