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For sale
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$329,000

Est. $1,541/mo mortgage

2bd·1ba·1,200-1,399sqft

549 Ridout Street #702 · London East, N6A 5N5

MLS® X13470190

96 days on market96 days on market

Listed Jun 20, 2026

Listing courtesy of Blue Forest Realty INC.·Updated Aug 14

Description

Downtown views are waiting for you! Welcome to this 2 bed + den condo in the core of the city at The Blackfriars building. This unit features an open concept living and dining room with large windows. Turn your den into an office space or third bedroom. The large primary bedroom has a walk in closet and jack and jill bathroom. In suite laundry makes this a fantastic space. Underground parking and controlled entry to ensure safety. Other included amenities are exercise room, party room, workspace, and an outdoor BBQ patio. Water and underground parking with 2 spaces is also included in this welcoming building. Walk to Harris Park, Canada Life Centre for a concert or the Covent Garden Market. Not to be missed!

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Property details

Interior

Interior
1200-1399 sqft
Rooms
7 rooms
Bathrooms
1 × 4-piece on Main
Basement
None
Heating
Baseboard
Cooling
None
Laundry
Y

Building & lot

Type
Condo Apartment, 1 Storey/Apt
Age
31-50 years
Exterior
Brick
Storeys
7
Exposure
North East

Parking

Garage
2 car Underground
Parking
2 spaces
Locker
None

Fees & taxes

Condo fee
$670/mo
Fee includes
water, parking
Pets
Yes-with Restrictions
Property tax
$3,219/yr (2025)
Corporation
MSC 130
Managed by
Arnsby

Building amenities

Gym · Party Room/Meeting Room · Elevator · Visitor Parking

Rooms

Main

Foyer
3.51 × 3.95 m
Living Room, Combined w/Dining
5.53 × 7.38 m
Laundry
3.04 × 2.38 m
Kitchen
2.5 × 3.56 m
Primary Bedroom, Walk-In Closet(s)
7.19 × 3 m
Den
3.86 × 3.22 m
Bedroom 2
3.77 × 3.27 m

AI property estimate

$383,000Estimate is ~16.4% above asking

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

$344,700$421,300

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

Location & neighbourhood

Directions
Downtown London

London East, ON

Urban core with condos, restaurants, and transit access.

Monthly paymentest. $2,729/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$1,541
Property tax$198
Insurance (est.)$69
Utilities (est.)$250
Condo fee$670
Total monthly$2,729
Land transfer tax$3,410 on closing

Ontario LTT

$3,410

First-time rebate

$3,410

First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.

Price & listing history

$329,000

Listed Jun 20, 2026

On the market

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 Hamilton Road

Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 95.9% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$304,817

Sale-to-list ratio

95.9%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $83,000 household income

Minimum household income required

$83,000

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 87 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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