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550 SECOND Street 52, London East, ON N5V 3S3

3 beds · 3 baths · 1 kitchen · 8+1 rooms · 1 parking space · 1200-1399 sq ft · No locker · Laundry: In Basement · Condo Townhouse
$314,900

Also includedCommon Elements · Parking

Maintenance fee
$370 / month
Property tax
$1,710 / year
Included in the fee
Common Elements, Parking

Welcome to 550 Second St, Unit 52! This spacious townhouse features a functional layout with 3+1 bedrooms (basement room) and 2.5 bathrooms, ideal for families or investors. The main floor offers a bright kitchen with a large window, a dedicated dining area, and a comfortable living room. Peace of mind comes standard with a new roof, along with the comfort of central gas heating and central air conditioning. Upstairs, you will find three generous bedrooms, while the finished basement provides a versatile recreation room. Complete with a fully fenced backyard and situated just steps from Fanshawe College, this move-in-ready property is an excellent high-potential investment or personal residence. ( **Pictures are Virtually Edited )

MLS number
X13423374
Type
Condo Townhouse
Status
Active
Bedrooms
3
Bathrooms
3
Postal code
N5V 3S3
Photos
20
Locker
No
Laundry
In Basement
Included in the fee
Common Elements, Parking
96days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Matched to the building rather than the unit — every unit in a tower shares one coordinate.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Forest City Public School Public School
Thames Valley DSB
Elementary95 m4.4 / 10
44% met the standard
Evelyn Harrison Public School
Thames Valley DSB
Elementary1.6 km5.0 / 10
50% met the standard
John Paul II Catholic Secondary School
London District Catholic School Board
Secondary1.2 km5.8 / 10
58% met the standard · 2 of 6 measures
Académie de la Tamise
CS Viamonde
Elementary1.5 km8.8 / 10
88% met the standard
Robarts Provincial School for the Deaf
Provincial and Demonstration Schools
Secondary1.3 kmNot reported
Robarts/Amethyst Demonstration Elementary School
Provincial and Demonstration Schools
Elementary1.3 kmNot reported
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

The market around this home

Condo Townhouses in London East219 sales over the last five years. Too few sold in this community to chart it on its own, so this is the whole city.

Median sold priceWhat comparable homes actually sold for
$313k$360k$407k20252026this home’s asking price
$343klatest quarter · hover to read any
Sold vs askingAbove 100% means bidding wars were normal
96%98%100%20252026the asking price
96%latest quarter · hover to read any
Days to sellMedian days on market before the deal closed
-1d31d63d20252026
56dlatest quarter · hover to read any
How these are built, and what they cannot tell you

Each point is the median of the sales that closed in that quarter among condo townhouses in london east. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.

This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.

Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 1,139 people.

$70,500Median household income
40%Own their home
38.4%Detached houses
27Median age
10.6%Born outside Canada
15.3%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35390682 — the few blocks around this address, home to 1,139 people. It describes the area, not this property.

1,139Population
31.3Average age
3.1Household size
$73,600Average household income
$70,500Median household income
40%Own their home
60%Rent
40%Condominiums
11%Born outside Canada
15%University degree
$370,000Average home value
16%Low income
50%Not in the labour force
55%Never married
$10,000 to $14,9991%
$15,000 to $19,9992%
$20,000 to $24,9993%
$25,000 to $29,9993%
$30,000 to $34,9992%
$35,000 to $39,9992%
$40,000 to $44,9993%
$45,000 to $49,9993%
$50,000 to $59,9997%
$60,000 to $69,99911%
$70,000 to $79,9997%
$80,000 to $89,9996%
$90,000 to $99,9995%
$100,000 and over20%
$100,000 to $124,99911%
$125,000 to $149,9995%
$150,000 to $199,9994%
$200,000 and over2%

Percentages are of the 470 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$62,980 · minimum here is $15,745
$1,394.31per month
Borrowed before insurance$251,920
Total borrowed$251,920
Interest over 25 years at 4.5%$166,373

If you rented it out

-$1,906.81per month out of pocket
Rent$0.00
Everything it costs to hold$1,906.81
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by SHRINE REALTY BROKERAGE LTD.. Listing data provided by the Toronto Regional Real Estate Board.