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$299,900

Estimated value $285K to $315K

Est. $1,405/mo mortgage

2bd·2ba·1,000-1,199sqft

549 Ridout Street #903 · London, N6A 5N5

MLS® X14120150

Listed yesterdayListed yesterday

Listing courtesy of Re/max Centre City Realty INC.·Listing last changed 2 hours ago

Key facts

Property type
Condo apt
Square footage
1,000-1,199 sqft
Storeys
1
Age
31-50 years
Parking
2 spaces
Property tax
$3,034/yr (2025)

Description

Unique building, unique location! Rare Opportunity with Million Dollar View! Watch the sunset, seasons changing, geese and aspires flying over the river, from this cozy 2 bedroom, 2 bath corner unit on the 9th floor. The suite has a stunning unmatchable view of Harris Park, forks of Thames River and downtown. Enjoy a large great room (Living & dining combo) with wood burning fireplace with marble surrounding, spacious eat-in kitchen, large master with 3 piece ensuite, in-suite laundry and storage combination. NOTE: This is one of the few suites that has 2 of the most prime parking spots next to each other on 2nd-level by elevator; and a forced air heating and cooling system. The building is mostly owner occupied (retired seniors, young professionals), and has gone through some major renovations in the last 12 years. The building is one of the very few condo high rises in London with security cameras on all floors, underground parking, front and back patios. List of renos are quality windows in 2022, newer roof, elevators, underground parking, remodeled, elegant lobby with soaring ceilings, fireplace, and designer furniture, carpeting & wallpaper, art work on all floors, plus major landscaping, rebuilding retainer walls, and newer boardwalk, some added accessibility features all have been done in the last 12 years. There is an exercise room, and party room with kitchen, and there are 2 patios with patio sets, that overlook Harris park for relaxation and enjoyment of residents. The area is seeing large investments. The Harris Park restoration was started in 2025 and continues in 2026 with new look outs, fishing area etc. (which is behind the building). The corporation is financially strong. All amenities and renos have been all paid for. Don't miss this opportunity to live in one of Downtown's most vibrant neighborhoods.

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Property details

Interior

Size
1,000-1,199 sqft
Rooms
5 rooms
Bathrooms
1 × 4-piece on Main, 1 × 3-piece on Main
Basement
None
Heating
Forced Air
Cooling
Central Air
Ensuite laundry
Yes

Building & lot

Type
Condo apt, 1 Storey/Apt
Age
31-50 years
Exterior
Brick
Foundation
Concrete
Roof
Asphalt Shingle
Storeys
1
Exposure
West

Parking

Garage
2 car Underground
Parking
2 spaces
Locker
Ensuite

Fees & taxes

Condo fee
$670/mo
Fee includes
water, parking
Pets
Yes, with restrictions
Property tax
$3,034/yr (2025)
Corporation
MSCC 130
Managed by
Arnsby

Rooms

Main

Primary Bedroom
3.86 × 3.55 m
Loft
4.57 × 4.47 m
Dining Room
4.57 × 3.07 m
Laundry
3.25 × 1.98 m
Bedroom 2
3.55 × 2.76 m
Kitchen
4.31 × 3.25 m

Estimated value range

$285K to $315K

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.

Schools nearbyclosest is Jeanne-Sauvé Public School, 790 m

Elementary

  • Jeanne-Sauvé Public School

    790 m · Grades JK-8

    Thames Valley District School Board

    7.1
  • Woodfield French Immersion Public School

    1.4 km · Grades JK-8

    Thames Valley District School Board

    7.8
  • St Georges Public School

    1.5 km · Grades JK-8

    Thames Valley District School Board

    8.0

Secondary

  • London Central Secondary School

    950 m · Grades 9-12

    Thames Valley District School Board

    8.0
  • Catholic Central High School

    1.3 km · Grades 9-12

    London District Catholic School Board

    5.7
  • H B Beal Secondary School

    1.7 km · Grades 9-12

    Thames Valley District School Board

    5.3

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. $2,640/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$1,405
Property tax$253
Insurance (est.)$62
Utilities (est.)$250
Condo fee$670
Total monthly$2,640
Land transfer tax$2,974 on closing

Ontario LTT

$2,974

First-time rebate

−$2,974

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

Price & listing history

Listed 2 times · asking price down 29% from the first ask

$299,900↓ 29%

Listed yesterday

On the market
$425,000

Listed Nov 23, 2023 · 8 days on market

Sold

Dec 1, 2023

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

8 days on the market in total across 2 listings. Each listing carries its own MLS® number, so the days-on-market shown on any single one resets.

Sold comparables nearby

403 - 570 William Street, London EastSold

403 - 570 William Street, London East

2 bd·1 ba·700-799 sqft
1902 - 330 Ridout Street, London EastSold

1902 - 330 Ridout Street, London East

2 bd·2 ba·1,000-1,199 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

6.7 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 96.3% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$300,167

Sale-to-list ratio

96.3%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $79,000 household income

Minimum household income required

$79,000

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.

Not sure about financing? Ask Colin →
Rental market$1,900/mo median for 2 bed nearby

$1,900/month is the median rent for 2-bedroom homes leased within 3km over the past 12 months, across 81 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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Colin Abbot, Broker

Oak and Key Real Estate Brokerage Inc.

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Colin Abbot, Broker, Westwood Realty Team

Oak and Key Real Estate Brokerage Inc., Brokerage, 490 Melcrest Road, London, ON N6J 3T1, Phone: (226) 212-5099

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Information herein is deemed reliable but not guaranteed. Listing data is provided by the London and St. Thomas Association of REALTORS® through the MLS® System and is updated multiple times daily. All measurements, square footage, taxes, and property details should be independently verified by buyers and their representatives.

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