$549,900
Est. $2,576/mo mortgage
322 Ridout Street · London South, N6C 3Z3
MLS® X13849996
Listed Oct 1, 2026
Listing courtesy of Housesigma INC.·Updated 3 hours ago
Description
Live just steps from the shops, restaurants, parks, and highly rated schools of London's sought after Wortley Village. This well maintained home is a fantastic opportunity to get into one of London's most desirable neighbourhoods while enjoying separate living and dining rooms, an additional family room on the main level, numerous updates, a large backyard, and a versatile detached storage building with excellent workshop potential.The main floor features a bright living room, a separate dining room, an updated kitchen, a convenient 2 piece bathroom, an enclosed entry-way sunroom, and a spacious rear family room that could also serve as a home office, playroom, or additional entertaining space. Upstairs, you'll find two generously sized bedrooms with excellent closet space and a full 4 piece bathroom. The unfinished attic offers potential for future development, subject to all required approvals. Step outside to enjoy the large deck and spacious fenced backyard, perfect for entertaining, family gatherings, or relaxing evenings. The detached storage building offers plenty of storage today while also providing excellent workshop potential. The basement adds even more valuable storage space.If you've been looking for an affordable home in one of London's most walkable and sought after neighbourhoods, this is one you won't want to miss. Book your private showing today!
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Property details
Interior
- Size
- 1500-2000 sqft
- Rooms
- 10 rooms
- Bathrooms
- 1 × 4-piece on Second, 1 × 2-piece on Main
- Basement
- Unfinished
- Heating
- Forced Air
- Cooling
- Central Air
Building & lot
- Type
- Detached, 2-Storey
- Age
- 51-99 years
- Lot size
- 41.37 × 140.78 ft
- Exterior
- Brick, Vinyl Siding
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Water & sewer
- Sewer
Parking
- Driveway
- Private Double (3 spaces)
- Parking
- 3 spaces
Fees & taxes
- Property tax
- $4,593/yr (2025)
Estimated value range
$522K–$577K
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
DirectionsLondon South, ON
Established neighbourhood with character homes and walkable local businesses south of downtown.
Monthly paymentest. $3,272/mo all in
Monthly payment estimate
Land transfer tax$7,473 on closing
Ontario LTT
$7,473
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 Oct 1, 2026
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
Sold comparables nearby
Sold250 Cathcart Street, London South
Sold232 Edward Street, London South
See what these 6 homes sold for
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Market conditionsBuyer's market in Old South
Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 96.7% of asking.
Avg. sold price
$438,417
Sale-to-list ratio
96.7%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $135,000 household income
Minimum household income required
$135,000
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$1,798/mo median for 2 bed nearby
$1,798/month is the median rent for 2-bedroom homes leased within 3km over the past 12 months, across 72 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.
Similar Listings
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
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