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$339K · 3+1 bed Condo Townhouse · Unit 59, 550 Second Street, London, Ontario N5V 3S3 | HomeSearchCanada

$339,000

Unit 59

57 DOM

3+1257d

Map

DOM 57

↓ $20K

$339,000

↓ $20K

DOM57days

Unit 59

550 Second Street · London · Ontario N5V 3S3

MLS® X13550350 · East H · N5V 3S3

3+12Vacant1200-1399 ft²Condo TownhouseNoneFull, Partially Finished57d$261/ft²$1,217 tax/yrBuilt 198541 yrs oldFull, Partially Finished

57 days on market

About this home

Recently renovated & updated 3 Bedroom + Condo Townhouse. Spacious Large living area with a big Bay Window. Newer 4 pc washroom upstairs. The updated Kitchen is bright & appealing. The Lower level boasts of a large family room , can be easily used as additional bedroom. Rough in for additional full washroom . Washer / Dryer in the Laundry Room. This unit is steps away from FANSHAWE COLLEGE. Appealing to First Time Buyers , Investors. Very close to Shopping centres, Transit routes. Quick closing…

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Property details

MLS#: X13550350
Status: Buy Now
Property class: Residential Condo & Other
Beds: 3+1
Baths: 2 full, 0 half
Rooms: 7
Kitchens: 1
Size: 1200-1399Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: Full, Partially Finished
Style: 2-Storey
Type: Condo Townhouse
Year built: 1985

Occupancy: Vacant
Washrooms: 2 pc · Main; 4 pc · Second
Family room: Family room
Central vacuum: No
Ensuite laundry: No

Roof: Asphalt Rolled
Foundation: Concrete
Property features: Arts Centre, Hospital, Library, Park, Public Transit, School

View: Clear, City, Trees/Woods

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

Garage: None
Garage spaces: 0
Parking: 1 total
Heating: Forced Air
Heating fuel: Gas
Cooling: None
Fireplaces: —
Waterfront: No
Exterior: Brick, Vinyl Siding
Fronting on: —
Cross street: Oxford St. E. & Second St.
Stories: 1
Utilities: —
Laundry: In Basement, Gas Dryer Hookup, Laundry Room, Sink, Washer Hookup
Interior: Carpet Free
Parking features: Reserved/Assigned

Additional listing data

ListAOR: London and St. Thomas Association of REALTORS

Rooms

Room details

Seller signals

Price movement & seller pressure

↓ $20KPrice reduction

MLS shows the seller reduced the asking price by $20,000 (from $359,000 to $339,000).

Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.

Property history

Sales History

NEW

Location details

Comparable sales

Neighbourhood SOLDs

Neighbourhood stats

Brokered by: RIGHT AT HOME REALTY

Source: TRREB/PROPTX · MLS® X13550350

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$339K

Unit 59 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $339,000✓ $1,217 tax✓ Gas✓ 1200-1399 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$3,231/mo

incl. closing costs (yr 1)

Annual total

$38,772

year 1

Mortgage only

$1,286/mo

principal + interest

Beyond mortgage

$1,190/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$67,800

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$101/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%$3,390/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$3,560

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)40% $15,433/yr

Property taxes12% $4,777/yr

Utilities10% $3,960/yr

Insurance & security4% $1,600/yr

Maintenance9% $3,390/yr

Condo fees12% $4,512/yr

Closing costs13% $5,100/yr

Mortgage is 40% of your true cost of ownership. The other 60% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$15,433	$1,286/mo
Government & taxes
Property tax	$1,217	$101/mo
Land transfer tax(closing)	$3,560	$297/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%)	$3,390	$283/mo
Condo fees
Condo / HOA fees	$4,512	$376/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	$38,772	$3,231/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 59

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