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$315K · 3 bed Condo Townhouse · Unit 52, 550 SECOND Street, London, Ontario N5V 3S3 | HomeSearchCanada

$314,900

Unit 52

88 DOM

3388d

Map

DOM 88

$314,900

DOM88days

Unit 52

550 SECOND Street · London · Ontario N5V 3S3

MLS® X13423374 · East H · N5V 3S3

33TenantOccupied1200-1399 ft²Condo TownhouseNoneFinished, Full88d$242/ft²$1,710 tax/yrFinished, Full

88 days on market

About this home

Welcome to 550 Second St, Unit 52! This spacious townhouse features a functional layout with 3 bedrooms 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 recreati…

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Property details

MLS#: X13423374
Status: Buy Now
Property class: Residential Condo & Other
Beds: 3
Baths: 3 full, 0 half
Rooms: 8 + 1
Kitchens: 1
Size: 1200-1399Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: Finished, Full
Style: 2-Storey
Type: Condo Townhouse
Year built: —Year built not on MLS feed (often MPAC-only on broker systems)

Occupancy: Tenant Occupied
Washrooms: 2 pc · Main; 3 pc · Second; 3 pc · Basement
Family room: No
Central vacuum: No
Ensuite laundry: No

Roof: Other
Foundation: Other
Property features: Golf

Fireplaces: 0

Condo corp #: 330
Balcony: None
Locker: None
Association amenities: Visitor Parking
Fees include: Common Elements Included, Parking Included
Pets: Yes-with Restrictions

Garage: None
Garage spaces: 0
Parking: 1 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Waterfront: No
Exterior: Other, Brick
Fronting on: —
Cross street: Oxford Street East and Second Street
Stories: 1
Utilities: —
Laundry: In Basement
Interior: None
Parking features: Other

Additional listing data

ListAOR: London and St. Thomas Association of REALTORS

Rooms

Room details

Seller signals

Price movement & seller pressure

No price-drop or motivated-seller signals detected from MLS data we track on this listing.

Property history

Sales History

NEW

Location details

Comparable sales

Neighbourhood SOLDs

Neighbourhood stats

Brokered by: SHRINE REALTY BROKERAGE LTD.

Source: TRREB/PROPTX · MLS® X13423374

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$315K

Unit 52 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $314,900✓ $1,710 tax✓ Gas✓ 1200-1399 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$3,124/mo

incl. closing costs (yr 1)

Annual total

$37,494

year 1

Mortgage only

$1,195/mo

principal + interest

Beyond mortgage

$1,205/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$62,980

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$143/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~1,300 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$3,149/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$31/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$3,199

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)38% $14,336/yr

Property taxes13% $4,909/yr

Utilities11% $3,960/yr

Insurance & security4% $1,600/yr

Maintenance8% $3,149/yr

Condo fees12% $4,440/yr

Closing costs14% $5,100/yr

Mortgage is 38% of your true cost of ownership. The other 62% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$14,336	$1,195/mo
Government & taxes
Property tax	$1,710	$143/mo
Land transfer tax(closing)	$3,199	$267/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$3,149	$262/mo
Condo fees
Condo / HOA fees	$4,440	$370/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$37,494	$3,124/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 52

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

Neighbourhood SOLDs

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Annual costs