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For sale
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$279,900

Estimated value $266K–$294K

Est. $1,311/mo mortgage

2bd·2ba·1,000-1,199sqft

549 RIDOUT Street #203 · London East, N6A 5N5

MLS® X13683734

46 days on market46 days on market

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.

Location & neighbourhood

Directions
Downtown London →

London East, ON

Urban core with condos, restaurants, and transit access.

Monthly paymentest. $2,458/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$1,311
Property tax$169
Insurance (est.)$58
Utilities (est.)$250
Condo fee$670
Total monthly$2,458
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

$279,900

Listed Aug 17, 2026

On the market

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

Sold comparables nearby

2201 - 389 Dundas Street, London EastSold

2201 - 389 Dundas Street, London East

2 bd·2 ba·1,400-1,599 sqft
1104 - 505 Talbot Street, London EastSold

1104 - 505 Talbot Street, London East

1 bd·1 ba·900-999 sqft

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.

Buyer's marketBalancedSeller's market

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

519-859-4579 · colin@searchlondonhomes.com

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