$299,000
Est. $1,401/mo mortgage
49 Ridout Street #5 · London South, N6C 3W8
MLS® X12665808
Listed Jan 6, 2026
Listing courtesy of Nu-vista Pinnacle Realty Brokerage INC·Updated Jul 29
Description
Welcome to 49 Ridout Street S, an exceptional opportunity to own a spacious and character-rich 2-bedroom condo in a boutique heritage building comprised of just seven exclusive residences. Originally constructed in 1872, this beautifully converted second-level home seamlessly combines historic charm with modern-day comfort, all in the heart of Wortley Village, one of London's most walkable and sought-after neighbourhoods. Inside, you'll find a generous eat-in kitchen, ideal for everyday meals, entertaining, or enjoying time cooking at home. The expansive living room offers ample space to relax or host guests and is enhanced by oversized windows that bring in abundant natural light while showcasing the original wood shutters with some functional louvres-a rare and charming feature. Both bedrooms are well sized and versatile, easily accommodating a guest room, home office, or creative workspace. A standout feature of this condo is the large sunroom, a bright and tranquil space perfect for plants, yoga, painting, reading, or simply enjoying a quiet moment with a cup of tea. With 9.5-foot ceilings, detailed hardwood floors, and an abundance of windows throughout, the home offers a warm, elegant atmosphere filled with character. Located directly beside the Thames Valley Parkway, residents enjoy immediate access to scenic trails for walking, running, and cycling. You're also just steps from the shops, cafés, and restaurants that define Wortley Village, with convenient access to downtown and public transit. This is a rare chance to own a truly unique home in a historic and highly coveted building. Contact us today to arrange your private showing.
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Property details
Interior
- Interior
- 1000-1199 sqft
- Rooms
- 6 rooms
- Bathrooms
- 1 × 4-piece on Main
- Basement
- None
- Heating
- Radiant
- Cooling
- Window Unit(s)
- Laundry
- Y
Building & lot
- Type
- Condo Apartment, 1 Storey/Apt
- Exterior
- Brick, Stucco (Plaster)
- Roof
- Asphalt Shingle
- Storeys
- 2
- Exposure
- West
Parking
- Parking
- 2 spaces
- Locker
- None
Fees & taxes
- Condo fee
- $1,296/mo
- Fee includes
- parking
- Pets
- Yes-with Restrictions
- Property tax
- $3,018/yr (2025)
- Corporation
- MCC 561
- Managed by
- Lion Heart
Rooms
Main
- Living Room
- 4.2 × 4.98 m
- Bedroom 2
- 2.54 × 7.11 m
- Bathroom
- 2.414 × 1.6 m
- Bedroom
- 4.75 × 3.5 m
- Kitchen
- 2.9 × 4.67 m
AI property estimate
Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.
79% confidence · 40 sold homes within 2 km, by price per sq ft
Location & neighbourhood
DirectionsLondon South, ON
Established neighbourhood with character homes and walkable local businesses south of downtown.
Monthly paymentest. $3,189/mo all in
Monthly payment estimate
Land transfer tax$2,960 on closing
Ontario LTT
$2,960
First-time rebate
−$2,960
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed Jan 6, 2026
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
Sold comparables nearby
Sold$435,000
1104 - 505 Talbot Street, London East
Sold$475,000
1102 - 19 KING Street, London East
See what these 6 homes sold for
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Market conditionsBuyer's market in London South
Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 96% of asking.
Avg. sold price
$308,150
Sale-to-list ratio
96%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $76,000 household income
Minimum household income required
$76,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Ask Colin →Rental market$1,895/mo median for 2 bed nearby
$1,895/month is the median rent for 2-bedroom homes leased within 3km over the past 12 months, across 91 leases.
What comparable homes actually leased for, not an estimate of what this one would rent for. Rent depends on condition, finishes and timing in ways this figure cannot see.
Similar Listings
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
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