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$299,000

Est. $1,401/mo mortgage

2bd·1ba·1,000-1,199sqft

49 Ridout Street #5 · London South, N6C 3W8

MLS® X12665808

260 days on market260 days on market

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

$301,396About at asking price

Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.

$271,256$331,536

79% confidence · 40 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
Old South

London South, ON

Established neighbourhood with character homes and walkable local businesses south of downtown.

Monthly paymentest. $3,189/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$1,401
Property tax$180
Insurance (est.)$62
Utilities (est.)$250
Condo fee$1,296
Total monthly$3,189
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

$299,000

Listed Jan 6, 2026

On the market

Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.

Sold comparables nearby

1104 - 505 Talbot Street, London EastSold

1104 - 505 Talbot Street, London East

1 bd·1 ba·900-999 sqft
1102 - 19 KING Street, London EastSold

1102 - 19 KING Street, London East

2 bd·2 ba·1,600-1,799 sqft

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.

Buyer's marketBalancedSeller's market

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.

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Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

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