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549 RIDOUT Street #203

London East, N6A 5N5·MLS® X13485880·

Listing courtesy of Re/max Centre City Realty INC.·Updated 2 hours ago

For sale
1 / 26
2Beds
2Baths
1,000-1,199Sqft
31-50Year Built

Listing price

$299,900

Est. $1,428/mo

Days on market

1

Listed Jun 24, 2026

Description

Experience urban living at The Blackfriars, ideally located in the heart of Downtown-steps to trendy restaurants, the Grand Theatre, Covent Garden Market, Budweiser Gardens, and scenic walking/biking paths along the Thames River. The area is seeing millions in new investment, including luxury high rises, amenities, and the Harris Park Shoreline Restoration completed in 2025 with new lookouts, fishing spots, and boat launch areas. This charming 2-bedroom, 2-bathroom suite has been owner occupied and lovingly maintained for 23 years. Enjoy a spacious eat in kitchen, large living and dining rooms, in suite laundry with storage, eating area off the kitchen can easily function as a den. The suite offers nice views of Harris Park and the Thames River, combining comfort, practicality, and remarkable scenery. The building is approximately 80% owner occupied (retired seniors and young professionals) and has undergone significant upgrades within last 12 years: an elegant rebuilt foyer with fireplace, designer furnishings, newer carpeting and wallpaper, updated lighting and hardware, artwork on every floor, renovated elevators, newer roof, underground parking membrane, refreshed party room, extensive landscaping, and comprehensive security cameras throughout. Some additional accessibility improvements have also been done. Plus attractive high quality windows were installed in 2022, followed by new back boardwalk and patio doors in 2023. Unit Parking space: #55.The corporation is financially strong with no loans, and all amenities are fully paid for. Wall mounted air conditioning (slave), is not window air condition. Don't miss this opportunity to live in one of Downtown's most vibrant, fast growing neighbourhoods!

Property details

Garage

1 car Underground

Basement

None

Parking

1 spaces

Type

Condo Apartment — Other

Heating

Baseboard

AI property estimate

$309,197Above Market
$291,203$327,191

82% confidence · 8 comparable sales analysed

Location & neighbourhood

Downtown London

London East, ON

Urban core with condos, restaurants, and transit access.

Monthly payment estimate

Mortgage (5.24%, 25yr)$1,428
Property tax$325
Insurance (est.)$62
Utilities (est.)$250
Total monthly$2,065

Land transfer tax

Ontario LTT

$2,974

First-time rebate

$2,974

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

Price & listing history

Jun 24, 2026Listed
$299,900

Sold comparables nearby

2703 - 323 Colborne Street, London EastSold

$280,000

2703 - 323 Colborne Street, London East

2 bd·2 ba·900-999 sqft
309 - 460 Wellington Street, London EastSold

$375,000

309 - 460 Wellington Street, London East

2 bd·2 ba·1,000-1,199 sqft

See all 10 comparables

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Market conditions · East F

Buyer's marketBalancedSeller's market

Avg. sold price

$682,400

+5.2%

Avg. days on market

18

−3d

Sale-to-list ratio

101.2%

+0.8%

Investment analysis

Est. monthly rent

$1,200

Rental yield

4.8%

Est. cash flow

-$865

Cap rate

3.3%

Best time to sell

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Peak
Good
Average

Affordability

Minimum household income required

$77,446

Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.

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AI estimate

$309,197

Above Market

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