49 Ridout Street #5 · London, N6C 3W8
MLS® X12665808
Listed Jan 6, 2026
Listing courtesy of Nu-vista Pinnacle Realty Brokerage INC·Listing last changed Sep 28
Key facts
- Property type
- Condo apt
- Square footage
- 1,000-1,199 sqft
- Storeys
- 1
- Parking
- 2 spaces
- Property tax
- $3,018/yr (2025)
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
- Size
- 1,000-1,199 sqft
- Rooms
- 6 rooms
- Bathrooms
- 1 × 4-piece on Main
- Basement
- None
- Heating
- Radiant
- Cooling
- Window Unit(s)
- Ensuite laundry
- Yes
Building & lot
- Type
- Condo apt, 1 Storey/Apt
- Exterior
- Brick, Stucco (Plaster)
- Roof
- Asphalt Shingle
- Storeys
- 1
- 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
Estimated value range
$271K to $299K
An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.
Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.
Location & neighbourhood
DirectionsLondon South, ON
Established neighbourhood with character homes and walkable local businesses south of downtown.
Schools nearbyclosest is St Martin Separate School, 610 m
Elementary
- 7.5
St Martin Separate School
610 m · Grades JK-8
London District Catholic School Board
- 3.3
Victoria Public School
890 m · Grades JK-8
Thames Valley District School Board
- 6.8
Wortley Road Public School
900 m · Grades JK-8
Thames Valley District School Board
Secondary
- 4.2
London South Collegiate Institute
870 m · Grades 9-12
Thames Valley District School Board
- 8.0
London Central Secondary School
1.6 km · Grades 9-12
Thames Valley District School Board
- 5.7
Catholic Central High School
1.7 km · Grades 9-12
London District Catholic School Board
Distances are straight-line from this address. School boards set their own attendance areas and do not publish them, so a school listed here is not a guarantee of placement. Confirm with the board before you rely on it.
Monthly paymentest. $3,191/mo all in
Monthly payment estimate
Land transfer tax$2,749 on closing
Ontario LTT
$2,749
First-time rebate
−$2,749
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
Sold302 - 323 Colborne Street, London East
Sold2004 - 323 Colborne Street, London East
See what these 6 homes sold for
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Market conditionsBuyer’s market in London
6.1 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 97.9% of asking.
Avg. sold price
$285,983
Sale-to-list ratio
97.9%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $75,000 household income
Minimum household income required
$75,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization, this home's listed property tax and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Call Colin at (226) 212-5099 or text
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 88 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.
Get notified about similar homes
New condo apt listings in Old South.
Colin Abbot, Broker
Oak and Key Real Estate Brokerage Inc., Brokerage, 490 Melcrest Road, London, ON N6J 3T1, Phone: (226) 212-5099
Not intended to solicit clients already under contract.
Information herein is deemed reliable but not guaranteed. Listing data is provided by the London and St. Thomas Association of REALTORS® through the MLS® System and is updated multiple times daily. All measurements, square footage, taxes, and property details should be independently verified by buyers and their representatives.
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