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549 Ridout Street #302

London East, N6A 5N5·MLS® X13601674

Listing courtesy of Re/max Centre City Realty INC.·Updated 3 hours ago

For sale
1 / 35
2Beds
2Baths
1,200-1,399Sqft
31-50Year Built

Listing price

$389,900

Est. $1,857/mo

Days on market

1

Listed Jul 24, 2026

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.

Property details

Garage

1 car Underground

Basement

None

Parking

1 spaces

Type

Condo Apartment — 1 Storey/Apt

Heating

Baseboard

AI property estimate

$348,748~10.6% below asking

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

$302,935$496,447

67% confidence · 11 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)$1,857
Property tax$422
Insurance (est.)$81
Utilities (est.)$250
Total monthly$2,610

Land transfer tax

Ontario LTT

$4,324

First-time rebate

$4,000

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

Price & listing history

Jul 24, 2026Listed
$389,900

Sold comparables nearby

2401 - 330 Ridout Street, London EastSold

$599,000

2401 - 330 Ridout Street, London East

2 bd·2 ba·1,600-1,799 sqft
302 - 122 Wortley Road, London SouthSold

$910,000

302 - 122 Wortley Road, London South

2 bd·2 ba·1,200-1,399 sqft

See all 6 sold comparables

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Market conditions · East F

Buyer's marketBalancedSeller's market

Avg. sold price

$456,167

Sale-to-list ratio

95.1%

Based on 6 recent comparable sales near this home.

Affordability

Minimum household income required

$97,889

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

$348,748

Below Market
CA

Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbott

Broker

519-859-4579 · colinabbot@gmail.com

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