239 Ridout Street
London South, N6C 3Y3·MLS® X13769370
Listing courtesy of Sutton Group - Select Realty·Updated 14 hours ago
Listing price
$699,000
Est. $3,329/mo
Days on market
Listed Sep 10, 2026
Description
Unique opportunities like this rarely come to market in desirable Old South, especially those offering flexible living options, income potential to help offset mortgage costs, and the chance to add tremendous value. Being offered with vacant possession and the ability to close quickly! Just an 8 minute walk to Wortley Village and close to coveted schools, this home features 3,570 sq. ft. of finished living space, a functional, flowing floor plan, 6 bedrooms, 3.5 bathrooms, ample storage, a spacious living room, formal dining room, and 3 distinct living areas, each with its own kitchen and full bathroom. A separate side entrance leads to the basement suite, offering ADU (additional dwelling unit) and income potential. A dedicated spacious laundry room is located in the basement, with the ability for a future owner to easily add separate laundry to the other living spaces on the first and third levels. A distinctive scalloped slate roof adds character and curb appeal, while the detached single-car garage/workshop provides added flexibility and peace of mind. A standout feature is the private parking lane accommodating 5 vehicles, with room for 2 vehicles side-by-side at the front. Additional highlights include a kitchen pantry, powder room and large walk-in coat closet on the main level, 9 and 10-ft ceilings and renewed original flooring throughout, and a new on-demand water heater/boiler combination. Lovingly owned by the same family for five decades, this piece of Old South history was used as their cherished family residence before transitioning into a dependable rental property for the last 20+ years. R2-2 zoning provides plenty to explore, subject to municipal requirements and approvals. Being sold in "as-is, where-is" condition, as the owners do not reside at the property.
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Property details
- Type
- Detached, 2 1/2 Storey
- Lot size
- 40.27 × 122.75 ft · < .50 acres
- Interior
- 2500-3000 sqft
- Rooms
- 20 rooms · 3 kitchens
- Bathrooms
- 1 × 4-piece on Third, 1 × 4-piece on Second, 1 × 3-piece on Lower, 1 × 2-piece on Main
- Basement
- Finished, Full, Separate Entrance
- Heating
- Baseboard
- Cooling
- None
- Exterior
- Brick
- Foundation
- Concrete Block, Stone
- Roof
- Slate
- Water & sewer
- Sewer
- Garage
- 1 car Detached
- Driveway
- Private, Lane (4 spaces)
- Parking
- 5 spaces
- Property tax
- $6,622/yr (2026)
Rooms
Main
- Living Room
- 4.84 × 7.75 m
- Foyer
- 1.23 × 2.19 m
- Dining Room
- 4.31 × 4.83 m
- Kitchen
- 2.87 × 3.09 m
Second
- Bedroom
- 3.19 × 3.87 m
- Bedroom
- 3.5 × 3.91 m
- Bedroom
- 3.16 × 3.87 m
- Bedroom
- 3.8 × 3.91 m
Third
- Kitchen
- 4.34 × 2.17 m
Lower
- Laundry
- 3.79 × 2.48 m
- Kitchen
- 3.94 × 3.04 m
- Recreation
- 3.46 × 6.3 m
AI property estimate
Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.
72% confidence · 26 sold homes within 2 km, by price per sq ft
Location & neighbourhood
London South, ON
Mid-south residential area built around Highland Country Club with well-maintained homes.
Monthly paymentMortgage, tax and fees
Monthly payment estimate
Land transfer taxOne-time, on closing
Ontario LTT
$10,455
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed Sep 10, 2026
Sold comparables nearby
Sold$305,000
36 ADELAIDE Street, London South
Sold$825,000
445 RIDOUT Street, London South
See what these 6 homes sold for
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Market conditionsLondon South · last 90 days
Avg. sold price
$786,946
Sale-to-list ratio
99.3%
Based on 6 recent comparable sales near this home.
AffordabilityWhat income this home needs
Minimum household income required
$181,000
Based on 20% down, a 7.24% qualifying rate (the 5.24% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Ask Colin →Similar Listings
AI estimate
$907,008
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
519-859-4579 · colin@searchlondonhomes.com
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