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549 RIDOUT Street #203

London East, N6A 5N5·MLS® X13683734

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

Listing price

$279,900

Est. $1,333/mo

Days on market

1

Listed Aug 17, 2026

For sale
1 / 26
2bd·2ba·1,000-1,199sqft·31–50 yearsold

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

Garage
1 car Underground
Basement
None
Parking
1 spaces
Type
Condo Apartment — Other
Heating
Baseboard
Property tax
$2,883/yr (2025)

AI property estimate

$376,318~34.4% above asking

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

$327,397$425,239

69% confidence · 14 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)$1,333
Property tax$303
Insurance (est.)$58
Utilities (est.)$250
Total monthly$1,944
Land transfer taxOne-time, 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 3 times · asking price down 13% from the first ask

$279,900 7%

Listed Aug 17, 2026

On the market
$299,900 6%

Listed Jun 24, 2026

On the market
$319,900

Listed Mar 4, 2026 · 112 days on market

Taken off the market

Jun 24, 2026

112 days on the market in total across 3 listings. Each listing carries its own MLS® number, so the days-on-market shown on any single one resets.

Sold comparables nearby

1207 - 380 King Street, London EastSold

$250,000

1207 - 380 King Street, London East

3 bd·2 ba·1,400-1,599 sqft
1308 - 505 TALBOT Street, London EastSold

$490,000

1308 - 505 TALBOT Street, London East

2 bd·2 ba·1,000-1,199 sqft

See what these 6 homes sold for

Create a free account to unlock premium data.

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

Avg. sold price

$405,833

Sale-to-list ratio

95.5%

Based on 6 recent comparable sales near this home.

AffordabilityWhat income this home needs

Minimum household income required

$72,912

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

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AI estimate

$376,318

Above Market
CA

Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbott

Broker

519-859-4579 · colin@searchlondonhomes.com

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