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Homes for Sale in London, Ontario

549 Ridout Street #903

London East, N6A 5N5·MLS® X13531106·

Listing courtesy of Re/max Centre City Realty INC.·Updated 8 hours ago

For sale
1 / 35
2Beds
2Baths
1,000-1,199Sqft
31-50Year Built

Listing price

$354,900

Est. $1,690/mo

Days on market

1

Listed Jul 7, 2026

Description

Rare Opportunity with Million Dollar View! Watch the sunset, seasons changing, geese and aspires flying over the river, from this cozy 2 bedroom, 2 bath corner unit on the 9th floor. The suite has a stunning unmatchable view of Harris Park, forks of Thames River and downtown. Enjoy a large great room (Living & dining combo) with wood burning fireplace with marble surrounding, spacious eat-in kitchen, large master with 3 piece ensuite, in-suite laundry and storage combination. NOTE: This is one of the few suites that has 2 of the most prime parking spots next to each other on 2nd-level by elevator; and a forced air heating and cooling system. The building is mostly owner occupied (retired seniors, young professionals), and has gone through some major renovations in the last 12 years. The building is one of the very few condo high rises in London with security cameras on all floors, underground parking, front and back patios. List of renos are quality windows in 2022, newer roof, elevators, underground parking, remodeled, elegant lobby with soaring ceilings, fireplace, and designer furniture, carpeting & wallpaper, art work on all floors, plus major landscaping, rebuilding retainer walls, and newer boardwalk, some added accessibility features all have been done in the last 12 years. There is an exercise room, and party room with kitchen, and there are 2 patios with patio sets, that overlook Harris park for relaxation and enjoyment of residents. The area is seeing large investments. The Harris Park restoration was started in 2025 and continues in 2026 with new look outs, fishing area etc. (which is behind the building). The corporation is financially strong. All amenities and renos have been all paid for. Don't miss this opportunity to live in one of Downtown's most vibrant neighborhoods.

Property details

Garage

2 car Underground

Basement

None

Parking

2 spaces

Type

Condo Apartment — 1 Storey/Apt

Heating

Forced Air

AI property estimate

$333,028Below Market
$282,192$365,515

64% confidence · 12 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Downtown London

London East, ON

Urban core with condos, restaurants, and transit access.

Monthly payment estimate

Mortgage (5.24%, 25yr)$1,690
Property tax$384
Insurance (est.)$74
Utilities (est.)$250
Total monthly$2,399

Land transfer tax

Ontario LTT

$3,799

First-time rebate

$3,799

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

Price & listing history

Jul 7, 2026Listed
$354,900

Sold comparables nearby

3 - 49 Ridout Street, London SouthSold

$284,900

3 - 49 Ridout Street, London South

2 bd·2 ba·1,000-1,199 sqft
305 - 500 TALBOT Street, London EastSold

$329,000

305 - 500 TALBOT Street, London East

2 bd·2 ba·1,200-1,399 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

$1,420

Rental yield

4.8%

Est. cash flow

-$979

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

$89,954

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

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AI estimate

$333,028

Below Market

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