550 Elizabeth Street
London East, ON
- 2 bed
- 2 bath
- approx. 1100-1500 sqft
- Detached
Charming All-Brick Ontario Cottage on a Rare 331-Ft-Deep Lot in the Heart of Old East Village! Welcome to 550 Elizabeth Street, a lovingly maintained 2-bedroom bungalow brimming with character and thoughtfully updated over the years. As you walk in, you'll appreciate the timeless charm of this all-brick Ontario cottage with hardwood floors throughout & soaring 11' high ceilings, original baseboards and trim, and beautiful oversized windows that fill the home with natural light. The inviting living room centres around a cozy gas fireplace, perfect for relaxed evenings, and flows into the kitchen and dining room. The kitchen offers the added convenience of in-suite laundry, while a practical mudroom off the driveway makes coming and going a breeze on rainy and snowy days. The primary bedroom features its own private 2-piece ensuite, and a full 3-piece bathroom serves the rest of the home. Outside is where this property truly stands apart: an expansive 45 x 331 ft lot offering exceptional potential for an auxiliary dwelling unit (ADU), garden suite, workshop, or simply a spectacular backyard retreat, along with a large 3-4 car driveway providing easy access to the yard. Major updates provide genuine peace of mind: lifetime metal roof (2019), updated electrical with 100A breaker panel and wiring (2018/19), spray foam insulation in basement (~2021), attic insulation (~2017) windows (2014/15), main water line (~2016), sewage cleanout (~2015), and an owned water heater. All this in one of London's most vibrant and fast growing neighbourhoods, just steps to 100 Kellogg Lane, the Western Fair District and Farmers' Market, Lorne Ave Park, and the independent shops, cafes, and restaurants along Dundas Street. Whether you're a first time buyer, downsizer, or investor eyeing the lot's future potential, 550 Elizabeth Street delivers character, convenience, and opportunity in equal measure.
Virtual Tour
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Listing Details
- Taxes (2025)
- $4,342
- Listed
- September 9, 2026
Price History
Listing history
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Property
- Style
- Bungalow
- Construction
- Brick
- Roof
- Metal
- Foundation
- Concrete Block
- Interior
- Upgraded Insulation
- Lot Size
- 45 x 331 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 3
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Adelaide & Central
- Zoning
- R3-2
- Parcel Number
- 082800123
- Possession
- Flexible
- Occupancy
- Owner
Included
- Inclusions
- Fridge, Stove, Dishwasher, Washer, Dryer, 2 Garden sheds, Wardrobe in primary bedroom, Murphy bed in second bedroom.
- Exclusions
- Porch Lift, Sauna in the mudroom
Schools
Elementary
- St Mary School0.6 km
Catholic · London District Catholic School Board · 230 students
Grade 6 math: 85% met the provincial standard
- Woodfield French Immersion Public School0.8 km
Public · Thames Valley DSB · 270 students
Grade 3 reading: 88% met the provincial standard · Grade 6 math: 52% met the provincial standard
- East Carling Public School1.2 km
Public · Thames Valley DSB · 570 students
Grade 3 reading: 39% met the provincial standard · Grade 6 math: 46% met the provincial standard
Secondary
- H B Beal Secondary School0.8 km
Public · Thames Valley DSB · 1525 students
Grade 10 literacy: 79% met the provincial standard
- Catholic Central High School1 km
Catholic · London District Catholic School Board · 1310 students
Grade 10 literacy: 89% met the provincial standard
- London Central Secondary School1.2 km
Public · Thames Valley DSB · 955 students
Grade 10 literacy: 91% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N5W
- Population
- 24,740
- Private dwellings
- 12,388
- Median age
- 40.4
- Average household size
- 2.1
- Median household income
- $64,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in London East · last 12 months
- Median sold price
- $460,000
- Homes sold
- 1,327
- Median days on market
- 25
- Sale-to-list price
- 97.0%
Based on 1,327 recorded sales of residential freehold properties in London East over the last 12 months.
Rooms
3-piece on Main, 2-piece on Main
Main
- Bedroom 210'2" x 11'5"
- Dining Room10'5" x 13'
- Foyer3'11" x 12'2"
- Kitchen15' x 13'
- Living Room18'3" x 20'1"
- Mud Room11'2" x 7'8"
- Primary Bedroom10'11" x 20'7"
Listed by
BLUE FOREST REALTY INC.
Walk Score
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Location
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Mortgage Calculator
$93,000
Estimated Monthly Payment
$2,284
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,284/mo (20% down, 5.5%)
Taxes: $362/mo · Insurance: $116/mo
Estimates only. Consult a financial advisor.
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