$399,000 - 550 Second Street Unit 45, London East
Condo for Sale in London East
New — Listed 3 days agoNeighbourhood: East H
- MLS Number
- X13519988
- Property Type
- Condo
- Status
- active
- Days on Site
- 3
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,200 sqft
- Neighbourhood
- London East
- Locker
- None
- Exposure
- South
- Balcony
- None
- Listing Brokerage
- RE/MAX ADVANTAGE REALTY LTD.
Welcome to 550 Second St, Unit 45! This beautifully updated townhouse offers 3+1 bedrooms, family room and 2.5 bathrooms, making it an excellent choice for first-time home buyers, families, or investors. The main floor features a bright kitchen with a large window, a spacious dining area, a comfortable living room, and a convenient 2-piece bathroom. Upstairs, you'll find three generously sized bedrooms and a well-appointed 3-piece bathroom. The finished basement with 3-piece washroom that can easily be used as a home office, gym, playroom, or additional living space. Step outside to enjoy the fully fenced backyard, perfect for relaxing or entertaining. Recent updates include new flooring, fresh paint throughout, new carpet on the stairs, a new quartz kitchen countertop, and a new roof (May 2026), AC (2026) offering peace of mind for years to come. Conveniently located just minutes from Fanshawe College, shopping, schools, parks, public transit, and other amenities, this move-in-ready home is an outstanding opportunity for both personal residence and investment. Some photos have been virtually staged.
Estimate your monthly payments for this property
Estimated Payment
$2,047.08/mo
Includes CMHC insurance ($11,132)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover East H
East H is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in East H
- •Convenient location in London East
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
East H offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
550 Second Street Unit 45, London East
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $333/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Just Listed - Act Strategically
This property hit the market within the last week. In London East's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to London East. Good resale value as demand remains consistent.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
About East H
I know East H well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.