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For sale
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$599,000

Estimated value $569K to $629K

Est. $2,806/mo mortgage

5+1bd·4ba·2,500-3,000sqft

239 Ridout Street · London, N6C 3Y3

MLS® X14110858

3 days on market3 days on market

Listed Oct 23, 2026

Listing courtesy of Sutton Group - Select Realty INC.·Listing last changed 3 days ago

Key facts

Property type
Detached
Square footage
2,500-3,000 sqft
Lot size
40.27 × 122.75 ft · < 0.50 acres
Parking
5 spaces
Property tax
$6,622/yr (2025)

Description

Unique opportunities like this rarely come to market in desirable Wortley, 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 in-law suite. 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. 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

Interior

Size
2,500-3,000 sqft
Bedrooms
5 above grade, 1 lower level
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

Building & lot

Type
Detached, 2 1/2 Storey
Lot size
40.27 × 122.75 ft · < 0.50 acres
Exterior
Brick
Foundation
Concrete Block, Stone
Roof
Slate
Water & sewer
Sewer

Parking

Garage
1 car Detached
Driveway
Private, Lane (4 spaces)
Parking
5 spaces

Fees & taxes

Property tax
$6,622/yr (2025)

Rooms

Main

Living Room
4.84 × 7.75 m
Dining Room
4.31 × 4.83 m
Kitchen
2.87 × 3.09 m

Second

Bedroom
3.8 × 3.91 m
Bedroom
3.19 × 3.87 m
Bedroom
3.16 × 3.87 m
Bedroom
3.5 × 3.91 m

Third

Kitchen
4.34 × 2.17 m

Lower

Recreation
3.46 × 6.3 m
Kitchen
3.94 × 3.04 m
Laundry
3.79 × 2.48 m

Estimated value range

$569K to $629K

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
Old South →

London South, ON

Established neighbourhood with character homes and walkable local businesses south of downtown.

Schools nearbyclosest is Wortley Road Public School, 330 m

Elementary

  • Wortley Road Public School

    330 m · Grades JK-8

    Thames Valley District School Board

    6.8
  • Tecumseh Public School

    460 m · Grades JK-8

    Thames Valley District School Board

    6.9
  • St Martin Separate School

    590 m · Grades JK-8

    London District Catholic School Board

    7.5

Secondary

  • London South Collegiate Institute

    340 m · Grades 9-12

    Thames Valley District School Board

    4.2
  • Catholic Central High School

    2.2 km · Grades 9-12

    London District Catholic School Board

    5.7
  • G A Wheable Secondary School

    2.2 km · Grades 9-12

Distances are straight-line from this address. School boards set their own attendance areas and do not publish them, so a school listed here is not a guarantee of placement. Confirm with the board before you rely on it.

Monthly paymentest. $3,733/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$2,806
Property tax$552
Insurance (est.)$125
Utilities (est.)$250
Total monthly$3,733
Land transfer tax$8,455 on closing

Ontario LTT

$8,455

First-time rebate

−$4,000

First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.

Price & listing history

$599,000

Listed Oct 23, 2026

On the market

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

Sold comparables nearby

603 Commissioners Road, London SouthSold

603 Commissioners Road, London South

4 bd·3 ba·2,000-2,500 sqft
7 Edwin Drive, London SouthSold

7 Edwin Drive, London South

5 bd·4 ba·2,000-2,500 sqft

See what these 6 homes sold for

Create a free account to see sold prices and comparable sales.

Market conditionsBuyer’s market in London

7 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 93.5% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$818,667

Sale-to-list ratio

93.5%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $153,000 household income

Minimum household income required

$153,000

Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization, this home's listed property tax and a 32% GDS ratio. Rounded to the nearest thousand.

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Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

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(226) 212-5099 · colin@searchlondonhomes.com

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