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For sale
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$327,900

Est. $1,536/mo mortgage

2bd·2ba·1,000-1,199sqft

549 Ridout Street #903 · London East, N6A 5N5

MLS® X13531106

80 days on market80 days on market

Listed Jul 7, 2026

Listing courtesy of Re/max Centre City Realty INC.·Updated Aug 24

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.

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Property details

Interior

Size
1000-1199 sqft
Rooms
5 rooms
Bathrooms
1 × 4-piece on Main, 1 × 3-piece on Main
Basement
None
Heating
Forced Air
Cooling
Central Air
Laundry
Y

Building & lot

Type
Condo Apartment, 1 Storey/Apt
Age
31-50 years
Exterior
Brick
Foundation
Concrete
Roof
Asphalt Shingle
Storeys
9
Exposure
West

Parking

Garage
2 car Underground
Parking
2 spaces
Locker
Ensuite

Fees & taxes

Condo fee
$670/mo
Fee includes
water, parking
Pets
Yes-with Restrictions
Property tax
$3,034/yr (2025)
Corporation
MSCC 130
Managed by
Arnsby

Rooms

Main

Loft
4.57 × 4.47 m
Kitchen
4.31 × 3.25 m
Laundry
3.25 × 1.98 m
Primary Bedroom
3.86 × 3.55 m
Dining Room
4.57 × 3.07 m
Bedroom 2
3.55 × 2.76 m

AI property estimate

$340,732Estimate is ~3.9% above asking

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

$306,659$374,805

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. $2,722/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$1,536
Property tax$198
Insurance (est.)$68
Utilities (est.)$250
Condo fee$670
Total monthly$2,722
Land transfer tax$3,394 on closing

Ontario LTT

$3,394

First-time rebate

$3,394

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

Price & listing history

Listed 2 times · asking price down 23% from the first ask · sold 1% below the final ask

$327,900 23%

Listed Jul 7, 2026

On the market
$425,000

Listed Nov 23, 2023 · 8 days on market

Sold

Dec 1, 2023

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

8 days on the market in total across 2 listings. Each listing carries its own MLS® number, so the days-on-market shown on any single one resets.

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$1,885/mo median for 2 bed nearby

$1,885/month is the median rent for 2-bedroom homes leased within 3km over the past 12 months, across 86 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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