$279,900
Est. $1,311/mo mortgage
549 RIDOUT Street #203 · London East, N6A 5N5
MLS® X13683734
Listed Aug 17, 2026
Listing courtesy of Re/max Centre City Realty INC.·Updated Aug 24
Description
Experience urban living at The Blackfriars, 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. This charming 2-bedroom, 2-bathroom suite has been owner occupied and lovingly maintained for 23 years. Enjoy a spacious eat in kitchen, large living and dining rooms, in suite laundry with storage, eating area off the kitchen can easily function as a den. The suite offers nice views of Harris Park and the Thames River, combining comfort, practicality, and remarkable scenery. 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: #55.The corporation is financially strong with no loans, and all amenities are fully paid for. Wall mounted air conditioning (slave), is not window air condition. Don't miss this opportunity to live in one of Downtown's most vibrant, fast growing neighbourhoods!
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Property details
Interior
- Size
- 1000-1199 sqft
- Rooms
- 7 rooms
- Bathrooms
- 1 × 4-piece on Main, 1 × 3-piece on Main
- Basement
- None
- Heating
- Baseboard
- Cooling
- Other
- Laundry
- Y
Building & lot
- Type
- Condo Apartment, Other
- Age
- 31-50 years
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Flat
- Storeys
- 2
- Exposure
- East
Parking
- Garage
- 1 car Underground
- Parking
- 1 spaces
- Locker
- None
Fees & taxes
- Condo fee
- $670/mo
- Fee includes
- water, parking
- Pets
- Yes-with Restrictions
- Property tax
- $2,883/yr (2025)
- Corporation
- MSCC 130
- Managed by
- Blackfriars
Building amenities
Gym · Party Room/Meeting Room · Visitor Parking · Other
Rooms
Main
- Primary Bedroom
- 3.86 × 3.56 m
- Living Room
- 4.57 × 4.47 m
- Bedroom
- 3.56 × 2.79 m
- Kitchen
- 4.32 × 3.25 m
- Dining Room
- 4.57 × 3.1 m
Estimated value range
$266K–$294K
An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.
Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.
Monthly paymentest. $2,458/mo all in
Monthly payment estimate
Land transfer tax$2,674 on closing
Ontario LTT
$2,674
First-time rebate
−$2,674
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed Aug 17, 2026
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
Sold comparables nearby
Sold2201 - 389 Dundas Street, London East
Sold1104 - 505 Talbot Street, London East
See what these 6 homes sold for
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Market conditionsBuyer's market in Downtown London
Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 95.4% of asking.
Avg. sold price
$309,817
Sale-to-list ratio
95.4%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $72,000 household income
Minimum household income required
$72,000
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$1,863/mo median for 2 bed nearby
$1,863/month is the median rent for 2-bedroom homes leased within 3km over the past 12 months, across 82 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
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