- Bedrooms
- 8
- Bathrooms
- 5
- Size
- 2,500–3,000sq ft
- Per sq ft
- $655at the range’s middle
- Lot
- Under 0.50 acres
- Tax a year
- $6,9692025 tax year
- Built
- 51-99
- Parking
- 6none
- Days on market
- Members
The brief
About 140 RIDOUT St
140 RIDOUT St is an 8-bedroom, 5-bathroom multiplex in South F, London South, listed for sale at an asking price of $1,799,900 (MLS® X13243444).
Rare opportunity to acquire a fully renovated, purpose-built five-unit apartment building in the highly sought-after Old South London neighbourhood, just minutes from Downtown, Victoria Hospital, and Wortley Village. This turnkey investment offers exceptional income potential with projected gross rents of approximately $10,000/month and four vacant units, allowing investors to establish market rents immediately.The building features an excellent unit mix of three spacious two-bedroom apartments and two one-bedroom units, with potential to convert the one-bedroom suites into additional two-bedroom layouts for increased revenue. Extensive renovations have eliminated deferred maintenance and include a new roof (2021), eavestroughs (2023), windows (2025), exterior insulation upgrades, attic insulation upgraded to R60, and private balconies for each unit.All suites have been modernized with open-concept layouts, updated kitchens with quartz countertops, renovated bathrooms, stainless steel appliances, in-suite laundry, individual heat-pump split AC systems, and enhanced soundproofing. Major infrastructure upgrades include new plumbing, updated electrical wiring, 400-amp service, and separate hydro meters, allowing tenants to pay their own utilities. Safety features include 60-minute fire-rated doors and a basement sprinkler system.Additional amenities include private storage lockers, a fully paved rear parking area for over eight vehicles, and EV-charger-ready infrastructure. This low-maintenance, high-yield asset offers strong cash flow, long-term appreciation potential, and a premium multifamily investment opportunity in one of London's most desirable rental markets.
Insights
Condition Score
Good83/1005 documented update signals
Source: Listing age, structured features and disclosed update language; not an inspection.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $6,969 / 2025
- MLS® number
- X13243444
- Board
- TRREB MLS®
- Property Type
- Multiplex
- Building Age
- 51-99
- Days on market
- Size
- 2500-3000 sqft
- Lot Size
- 47.17 x 147.13 ft
- Listed on
- Parking
- None, 6 Parking
Property details
Property
- Property Type
- Multiplex
- Style
- 2-Storey
- Community
- South F
- Municipality
- London South
Building
- Size
- 2500-3000 sqft
- Building Age
- 51-99
- Construction
- Other
Inside
- Bedrooms
- 8
- Bathrooms
- 5
- Bathroom Details
- 5 × 4pc
- Basement Type
- Walk-Out
- Kitchens
- 5
Parking
- Driveway
- Private
- Garage Type
- None
- Additional Parking
- 6
- Total Parking
- 6
Utilities
- Water
- Municipal
- Cooling
- None
- Heating Type
- Other
Land
- Sewer
- Sewers
- Frontage
- 47.17 ft
- Depth
- 147.13 ft
- Lot Size
- 47.17 x 147.13 ft
Additional
- Foundation
- Block, Concrete Block
- Roof
- Asphalt Shingle
- Fireplace
- No
- Pool
- None
- Den
- No
- Family room
- No
Rooms
Room details unavailable
The listing source did not provide room-level measurements or features.
Listing history
Buy/sell history for 140 RIDOUT St, London South, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $1,799,900 | N/A | For Sale | X13243444 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $359,980
- Total mortgage amount
- $1,439,920
- Total interest payment
- $1,023,680
- Total purchase cost
- $2,823,580
- Mortgage payment
- $8,212/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
—Monthly carrying cost
$8,793- Rent $0
- Shortfall $8,793
Rental income starts at $0: enter the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $32,473
- Total land transfer tax
- $32,473
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $28,473
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $1,799,900
- $27,998
- Ontario total
- $32,473
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 6,940 sq ft645 m²
- Street frontage
- 47.17 ft14.4 m
- Depth
- 147.13 ft44.8 m
The area is the frontage multiplied by the depth, so boundaries are approximate. The record does not state the unit of its frontage and depth; feet is the board’s default. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by GeoWarehouse.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation2
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m1 test or monitoring hole also recorded.250 m
Province of Ontario open data
Planning and building activity2
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- Nearest airport: 9.4 km9.4 km
Province of Ontario open data
Around the home1
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 1 facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Labatt Brewing Company Ltd, 670 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by London Hydro Inc.At the address
- Wired internet 50/10 Mbps or faster is listed at a household 50 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (50 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.50 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, NFTC, Rogers, Start Communications. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Execulink, Falcon Internet Services, Rogers, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Upper Thames River Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
The market
Market area · filters apply to the charts below
The street
Map and tour
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Wortley Road Public SchoolThames Valley DSB | Public · grades JK–8 | 500 m | 74%Grade 6 average |
| Tecumseh Public SchoolThames Valley DSB | Public · grades JK–8 | 500 m | 71%Grade 6 average |
| St Martin Separate SchoolLondon District Catholic School Board | Catholic · grades JK–8 | 500 m | 73%Grade 6 average |
| École élémentaire catholique Frère AndréConseil scolaire catholique Providence | French-language Catholic · grades JK–6 | 2.7 km | 85%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| London South Collegiate InstituteThames Valley DSB | Public · grades 9–12 · French Immersion | 400 m | 49%Grade 9 math |
| Catholic Central High SchoolLondon District Catholic School Board | Catholic · grades 9–12 | 2 km | 57%Grade 9 math |
| London Central Secondary SchoolThames Valley DSB | Public · grades 9–12 · French Immersion | 2.1 km | 81%Grade 9 math |
| École secondaire catholique Monseigneur-BruyèreConseil scolaire catholique Providence | French-language Catholic · grades 9–12 | 5.2 km | 57%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in South F are shown to signed-in members.