$379,900

For sale

#2 550 Second Street, London East (East H) - Single Family for Sale

#2 550 Second Street, London East (East H), Ontario, N5V3S3

4 beds2 baths1 parking1,300 ft²$386/mo condo feeListed 42 days ago

Overview

This 4-bedroom, 2-bathroom condo in London East is for sale offering roughly 1,300 sq ft of space. It has been on the market 42 days, fresher than the London East average of 69 days.

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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! (id:66096)

Property Details

MLS®: X13818264
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 1,300 ft²
Storeys: 2
Basement: Partially finished, N/A
Heating: Forced air, Electric
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $386/mo
Fee Includes: Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,744.38/yr

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Blinds, Window Coverings
Foundation: Concrete
Exterior: Wood

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

42d

London East (East H) listings, avg age

69d

Price / ft²

$292

List price

$380K

Haho

This 4-bed single family in London East (East H) has been listed for 42 days, which is 27 days fresher than the city average of 69. Act while there is still low competition.

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Listed by HOMELIFE SILVERCITY REALTY INC. · KAMAL ATWAL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5V)

This home lists at $379,900, about 5.1× the local median household income of $74,500.

Carrying it typically needs a household income of about $74,208 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $74,500
Population: 32,961
Median age: 36.4
Owner / renter: 62% / 38%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA N5V)

$379,900· $292/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $18,995

Min 5%50%

Mortgage payment$2,001/mo

↳ CMHC premium ($14,436 capitalized)

Property tax (est.)$145/mo

Condo fee$386/mo

Total monthly$2,532

Cash Needed to Close

Down payment (5%)$18,995

Land transfer tax$4,174

Est. closing costs$3,640

Total cash needed$26,809

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