49 Ridout St S #5 is a 2-bedroom, 1-bathroom condo in London, listed for $284,900. It has 1000-1199 sq ft of living space.
1Welcome to 49 Ridout Street S, an exceptional opportunity to own a spacious and character-rich 2-bedroom condo in a boutique heritage building comprised of just seven exclusive residences.
2Inside, you'll find a generous eat-in kitchen, ideal for everyday meals, entertaining, or enjoying time cooking at home.
3Both bedrooms are well sized and versatile, easily accommodating a guest room, home office, or creative workspace.
Welcome to 49 Ridout Street S, an exceptional opportunity to own a spacious and character-rich 2-bedroom condo in a boutique heritage building comprised of just seven exclusive residences. Originally constructed in 1872, this beautifully converted second-level home seamlessly combines historic charm with modern-day comfort, all in the heart of Wortley Village, one of London's most walkable and sought-after neighbourhoods. Inside, you'll find a generous eat-in kitchen, ideal for everyday meals, entertaining, or enjoying time cooking at home. The expansive living room offers ample space to relax or host guests and is enhanced by oversized windows that bring in abundant natural light while showcasing the original wood shutters with some functional louvres-a rare and charming feature. Both bedrooms are well sized and versatile, easily accommodating a guest room, home office, or creative workspace. A standout feature of this condo is the large sunroom, a bright and tranquil space perfect for plants, yoga, painting, reading, or simply enjoying a quiet moment with a cup of tea. With 9.5-foot ceilings, detailed hardwood floors, and an abundance of windows throughout, the home offers a warm, elegant atmosphere filled with character. Located directly beside the Thames Valley Parkway, residents enjoy immediate access to scenic trails for walking, running, and cycling. You're also just steps from the shops, cafés, and restaurants that define Wortley Village, with convenient access to downtown and public transit. This is a rare chance to own a truly unique home in a historic and highly coveted building. Contact us today to arrange your private showing.
2 bedrooms, 1 bathroom, about 1,000 sq ft, works out to roughly $285 per square foot. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 49 Ridout St S #5
Every detail from the listing, in one place.
Type
Condo
Style
1 Storey/Apt
Living space
1000-1199 sq ftas stated on the listing
Parking
2 spaces
Basement
None
Features & systems
Parking & garage
Parking spaces
2
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
1 Storey/Apt
Property class
Condo Apartment
49 Ridout St S #5 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$1,400
/mo
based on the purchase price of $284,900
$56,980 cash
$227,920 financed
$191,968 total interest
Principal54%$227,920
Interest46%$191,968
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Similar homes for sale nearby in London
Other 2–3 bed homes for sale in London around $285K.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.1%On average, homes sold below asking.
Active listings2,413Homes for sale here right now.
Median vs prior 90 days−2.2%Compared with May 14 – Aug 12, 2026: prices down.
Based on 1,724 sales from Aug 12 – Nov 10, 2026 (1,546 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 49 Ridout St S #5
How much is 49 Ridout St S #5 listed for?
49 Ridout St S #5 is listed at $284,900 (MLS® X12665808). Summitly updates the price as soon as the MLS® record changes.
Is $284,900 a good price for 49 Ridout St S #5?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in London. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 49 Ridout St S #5 changed?
Yes — it was first listed at $314,900 and is now $284,900, a drop of $30,000 (9.5%).
How many bedrooms and bathrooms does 49 Ridout St S #5 have?
49 Ridout St S #5 has 2 bedrooms and 1 bathroom, with about 1,000–1,199 square feet of living space. It is a condo in London.
How much would the monthly mortgage be on 49 Ridout St S #5?
About $1,400 a month — principal and interest on $284,900 with 20% down ($56,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 49 Ridout St S #5 compare with other homes in London?
Its asking price of $284,900 is about 49% below the median sold price in London over the last 90 days, $555,500, across 1,724 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 49 Ridout St S #5 been sold before?
Summitly has no earlier MLS® sale or lease of 49 Ridout St S #5 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 49 Ridout St S #5?
49 Ridout St S #5 is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 49 Ridout St S #5 been on the market?
308 days — 49 Ridout St S #5 was listed on January 6, 2026.
What is the price per square foot of 49 Ridout St S #5?
About $238 to $285 per square foot: the asking price of $284,900 over the 1,000–1,199 sq ft the listing gives as its size range.
Does 49 Ridout St S #5 have parking or a garage?
Yes — the listing gives 2 parking spaces.
Does 49 Ridout St S #5 have a basement, and is it finished?
The listing says 49 Ridout St S #5 has no basement.