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 )
3 bedrooms, 2 bathrooms, about 1,200 sq ft, works out to roughly $249 per square foot. Chat with Zara if you'd like a deeper read on whether this condo townhouse fits your budget and timing.
Inside 550 Second St #52
Every detail from the listing, in one place.
Type
Condo Townhouse
Style
2-Storey
Living space
1200-1399 sq ftas stated on the listing
Parking
1 space
Basement
Finished, Full
Features & systems
Parking & garage
Parking spaces
1
Interior
Basement
Finished · Full
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Condo Townhouse
550 Second St #52 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14022018$299,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 550 Second St #52 Compares to the London Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$1,469
/mo
based on the purchase price of $299,000
$59,800 cash
$239,200 financed
$201,469 total interest
Principal54%$239,200
Interest46%$201,469
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in London
Other 2–3 bed homes for sale in London around $299K.
Average days on market38Homes sold in about 38 days on average.
Sale-to-list ratio97.3%On average, homes sold below asking.
Active listings2,433Homes for sale here right now.
Median vs prior 90 days−1.3%Compared with Apr 16 – Jul 15, 2026: prices down.
Based on 1,868 sales from Jul 15 – Oct 13, 2026 (1,414 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
1 for sale at 550 Second St — plus its sale and lease history.
550 Second St #52 is listed at $299,000 (MLS® X14022018). Summitly updates the price as soon as the MLS® record changes.
Is $299,000 a good price for 550 Second St #52?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in London. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 550 Second St #52 changed?
No — 550 Second St #52 is still listed at its original asking price of $299,000.
How many bedrooms and bathrooms does 550 Second St #52 have?
550 Second St #52 has 3 bedrooms and 2 bathrooms, with about 1,200–1,399 square feet of living space. It is a condo townhouse in London.
How much would the monthly mortgage be on 550 Second St #52?
About $1,469 a month — principal and interest on $299,000 with 20% down ($59,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 550 Second St #52 compare with other homes in London?
Its asking price of $299,000 is about 47% below the median sold price in London over the last 90 days, $562,500, across 1,868 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 550 Second St #52 been sold before?
Summitly has no earlier MLS® sale or lease of 550 Second St #52 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 550 Second St #52?
550 Second St #52 is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 550 Second St #52 been on the market?
550 Second St #52 was listed today (October 13, 2026).
What is the price per square foot of 550 Second St #52?
About $214 to $249 per square foot: the asking price of $299,000 over the 1,200–1,399 sq ft the listing gives as its size range.
Does 550 Second St #52 have parking or a garage?
Yes — the listing gives 1 parking space.
Does 550 Second St #52 have a basement, and is it finished?
The listing describes the basement as: Finished, Full.
