549 Ridout Street #302
London East, N6A 5N5·MLS® X13601674
Listing courtesy of Re/max Centre City Realty INC.·Updated 3 hours ago
Listing price
$389,900
Est. $1,857/mo
Days on market
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
Automated estimate from recent comparable sales — not a formal appraisal, and not a statement that this listing is priced incorrectly.
67% confidence · 11 sold homes within 2 km, by price per sq ft
Location & neighbourhood
Monthly payment estimate
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
Sold comparables nearby
Sold$599,000
2401 - 330 Ridout Street, London East
Sold$910,000
302 - 122 Wortley Road, London South
See all 6 sold comparables
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Market conditions · East F
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 →Similar Listings
AI estimate
$348,748
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbott
Broker
519-859-4579 · colinabbot@gmail.com
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