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For sale
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$349,900

Estimated value $332K to $367K

Est. $1,639/mo mortgage

2bd·2ba·1,200-1,399sqft

89 Ridout Street #103 · London, N6C 3X2

MLS® X14167908

Listed todayListed today

Listing courtesy of Century 21 First Canadian Corp·Listing last changed 14 hours ago

Key facts

Property type
Condo apt
Square footage
1,200-1,399 sqft
Age
6-10 years
Parking
1 space
Property tax
$4,610/yr (2025)
Storeys
1

Description

Welcome to Unit 103 at Villas of Wortley, a beautifully updated 2-bedroom, 2-full-bathroom condo with a versatile den and insuite laundry, located in one of London's most sought-after neighbourhoods. Forget the stairs and elevators! This desirable main-floor suite offers easy access to the outdoors, perfect for heading out on a morning walk, bike ride or exploring the neighbourhood. Step inside and appreciate the impressive ceiling height, bright open living areas and generously sized rooms that make this condo feel anything but ordinary. Thoughtfully updated throughout, the home features beautiful white oak hardwood flooring installed in 2023, fresh paint, updated light fixtures and a spacious kitchen with granite countertops and new appliances. Custom banded shades on every window provide privacy while allowing natural light to filter in. The remarkably quiet interior offers a peaceful retreat! The spacious primary bedroom features a private full ensuite and custom closet shelving and organizers installed in 2023. A second full bathroom is conveniently located off the hallway, with both bathrooms featuring enclosed glass showers updated in 2023. The versatile den is ideal for a home office, guest space or additional sitting area, while in-suite laundry adds everyday convenience. Beyond your front door, enjoy the lifestyle that makes Wortley Village so desirable! Explore local cafes, restaurants and shops, nearby parks, tennis courts and the Thames Valley Parkway trails, or take part in the neighbourhood's popular markets and seasonal festivities. With downtown London just minutes away, you'll enjoy the perfect balance of community charm and central convenience. Beautifully updated, spacious and ideally located, this is condo living made easy!

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Property details

Interior

Rooms
9 rooms
Bathrooms
1 × 3-piece on Main, 1 × 4-piece on Main
Basement
None
Heating
Forced Air
Cooling
Central Air
Ensuite laundry
Yes

Building & lot

Type
Condo apt, Apartment
Age
6-10 years
Exterior
Brick, Stucco (Plaster)
Storeys
1
Exposure
North East

Parking

Locker
None

Fees & taxes

Condo fee
$623/mo
Fee includes
water, parking
Pets
Yes, with restrictions
Corporation
MCC 858
Managed by
Lionheart PM

Building amenities

Gym · Visitor Parking

Rooms

Main

Bathroom, 3 Pc Ensuite
1.57 × 3.58 m
Laundry
1.27 × 2.29 m
Kitchen
3.41 × 3.13 m
Living Room, open concept, coffered ceiling(s), overlook patio
3.75 × 3.68 m
Dining Room, Open Concept
3.69 × 2.26 m
Den, French Doors
2.88 × 2.96 m
Bedroom 2, Closet
3.83 × 3.73 m
Primary Bedroom, closet organizers
3.17 × 4.85 m
Bathroom, 4 Pc Bath
2.58 × 2.82 m

Estimated value range

$332K to $367K

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 St Martin Separate School, 480 m

Elementary

  • St Martin Separate School

    480 m · Grades JK-8

    London District Catholic School Board

    7.5
  • Wortley Road Public School

    680 m · Grades JK-8

    Thames Valley District School Board

    6.8
  • Tecumseh Public School

    760 m · Grades JK-8

    Thames Valley District School Board

    6.9

Secondary

  • London South Collegiate Institute

    650 m · Grades 9-12

    Thames Valley District School Board

    4.2
  • Catholic Central High School

    1.8 km · Grades 9-12

    London District Catholic School Board

    5.7
  • London Central Secondary School

    1.8 km · Grades 9-12

    Thames Valley District School Board

    8.0

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. $2,969/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$1,639
Property tax$384
Insurance (est.)$73
Utilities (est.)$250
Condo fee$623
Total monthly$2,969
Land transfer tax$3,724 on closing

Ontario LTT

$3,724

First-time rebate

−$3,724

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 22% from the first ask

$349,900↓ 22%

Listed today

On the market
$450,000

Listed May 30, 2023 · 1 day on market

Sold

May 31, 2023

1 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

1105 - 155 Kent Street, London EastSold

1105 - 155 Kent Street, London East

2 bd·2 ba·1,000-1,199 sqft
302 - 323 Colborne Street, London EastSold

302 - 323 Colborne Street, London East

1 bd·1 ba·800-899 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

6.1 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 97.8% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$285,400

Sale-to-list ratio

97.8%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $94,000 household income

Minimum household income required

$94,000

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? Call Colin at (226) 212-5099 or text

Rental market$1,895/mo median for 2 bed nearby

$1,895/month is the median rent for 2-bedroom homes leased within 3km over the past 12 months, across 91 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

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

Not intended to solicit clients already under contract.

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.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark REALTOR® is controlled by CREA and identifies real estate professionals who are members of CREA.

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