It's not mine but I saw the ad on Kijiji and went to take a look at it this morining. It's not running but apparently just needs a stator. The owner said he as all the parts needed that are not currently on the bike (side covers and left exhaust). He is asking $200 and it comes with two new tires. I noticed that it will likely need a front caliper (thread is stripped) and tank creamed. The paint is poor, seat is ripped and it looks like there was "experimental" electrical work done on it. Chrome is 5/10. Fork seals need replacing too as they are leaking badly. The biggest problem is that the engine is a little "tired" when I turned it over. It has 52,000 miles. Here are two pictures I took. The good thing about this bike is that it's $200 If anyone has any questions about it just ask and I'll try to answer based on what I saw.
http://guelph.kijiji.ca/c-cars-vehicles-motorcycles-1978-honda-cb550-k-W0QQAdIdZ34945888
http://guelph.kijiji.ca/c-cars-vehicles-motorcycles-1978-honda-cb550-k-W0QQAdIdZ34945888