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549 Ridout Street #302

London East, N6A 5N5·MLS® X13601674

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

Listing price

$359,900

Est. $1,714/mo

Days on market

46

Listed Jul 24, 2026

For sale
1 / 34
2bd·2ba·1,200-1,399sqft·31 to 50 yearsold

Description

Major renovations & remodeling cost approx.. $90,000 in this stunning, bright, fully renovated and remodeled open concept larger suite (1255 sq ft.). 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. 2 bedroom + den, stunning kitchen with top of the line white cabinets, Cambri (Quartz) ft 6.10 X ft 3.1 Island (perfect for entertaining) and expensive Stainless-steel appliances opening to large great room (living + dining room combo) with large windows, unique built-in (cabinet, fireplace, & TV). Master with beautiful ensuite (double sink, glassed 4 ft shower install, and rain shower), walk-in closet with built-ins. 2nd 4-piece bathroom freshly designed. Laundry (Storage) with built in quality cabinets. Quality laminated flooring, newer light fixtures, pot lights all thru the unit, wide baseboards, light switches, and radiators, and brand-new Shades ($3500). Prime parking spot on 1st level. 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 # 7. The corporation is financially strong with no loans, and all amenities are fully paid for.

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Property details

Type
Condo Apartment, 1 Storey/Apt
Age
31-50 years
Interior
1200-1399 sqft
Rooms
5 rooms
Bathrooms
1 × 4-piece on Main, 1 × 4-piece on Main
Basement
None
Heating
Baseboard
Cooling
Wall Unit(s)
Exterior
Brick
Foundation
Concrete
Roof
Asphalt Rolled
Garage
1 car Underground
Parking
1 spaces
Condo fee
$670/mo
Fee includes
Y
Property tax
$3,101/yr (2025)

Rooms

Main

Bedroom 2
3.22 × 2.57 m
Laundry
2.74 × 2.06 m
Foyer
3.65 × 1.7 m
Primary Bedroom
4.67 × 2.92 m
Den
3.65 × 2.79 m
Great Room
7.16 × 4.31 m
Kitchen
3.04 × 2.23 m

AI property estimate

$338,784~5.9% below asking

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

$304,906$372,662

78% confidence · 40 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 paymentMortgage, tax and fees

Monthly payment estimate

Mortgage (5.24%, 25yr)$1,714
Property tax$390
Insurance (est.)$75
Utilities (est.)$250
Total monthly$2,429
Land transfer taxOne-time, on closing

Ontario LTT

$3,874

First-time rebate

$3,874

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

Price & listing history

$359,900

Listed Jul 24, 2026

On the market

Sold comparables nearby

1505 - 380 King Street, London EastSold

$194,000

1505 - 380 King Street, London East

2 bd·2 ba·1,000-1,199 sqft
405 - 440 Central Avenue, London EastSold

$210,000

405 - 440 Central Avenue, London East

1 bd·1 ba·700-799 sqft

See what these 6 homes sold for

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Market conditionsHamilton Road · last 90 days
Buyer's marketBalancedSeller's market

Avg. sold price

$321,333

Sale-to-list ratio

94.7%

Based on 6 recent comparable sales near this home.

AffordabilityWhat income this home needs

Minimum household income required

$91,088

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

Not sure about financing? Ask Colin

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AI estimate

$338,784

Below Market
CA

Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

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