Downtown views are waiting for you! Welcome to this 2 bed + den condo in the core of the city at The Blackfriars building. This unit features an open concept living and dining room with large windows. Turn your den into an office space or third bedroom. The large primary bedroom has a walk in closet and jack and jill bathroom. In suite laundry makes this a fantastic space. Underground parking and controlled entry to ensure safety. Other included amenities are exercise room, party room, workspace, and an outdoor BBQ patio. Water and underground parking with 2 spaces is also included in this welcoming building. Walk to Harris Park, Canada Life Centre for a concert or the Covent Garden Market. Not to be missed!
2 bedrooms, 1 bathroom, about 1,200 sq ft, works out to roughly $249 per square foot. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 549 Ridout St N #702
Every detail from the listing, in one place.
Type
Condo
Style
1 Storey/Apt
Living space
1200-1399 sq ftas stated on the listing
Parking
2 spacesYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
2
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
1 Storey/Apt
Property class
Condo Apartment
549 Ridout St N #702 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
$1,469
/mo
based on the purchase price of $299,000
$59,800 cash
$239,200 financed
$201,469 total interest
Principal54%$239,200
Interest46%$201,469
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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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in London
Other 1–3 bed homes for sale in London around $299K.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.2%On average, homes sold below asking.
Active listings2,507Homes for sale here right now.
Median vs prior 90 days−1.7%Compared with Apr 24 – Jul 23, 2026: prices down.
Based on 1,800 sales from Jul 23 – Oct 21, 2026 (1,462 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
2 for sale at 549 Ridout St N — plus its sale and lease history.
549 Ridout St N #702 is listed at $299,000 (MLS® X13470190). Summitly updates the price as soon as the MLS® record changes.
Is $299,000 a good price for 549 Ridout St N #702?
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 549 Ridout St N #702 changed?
Yes — it was first listed at $329,000 and is now $299,000, a drop of $30,000 (9.1%).
How many bedrooms and bathrooms does 549 Ridout St N #702 have?
549 Ridout St N #702 has 2 bedrooms and 1 bathroom, with about 1,200–1,399 square feet of living space. It is a condo in London.
How much would the monthly mortgage be on 549 Ridout St N #702?
About $1,469 a month — principal and interest on $299,000 with 20% down ($59,800), 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 549 Ridout St N #702 compare with other homes in London?
Its asking price of $299,000 is about 47% below the median sold price in London over the last 90 days, $559,950, across 1,800 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 549 Ridout St N #702 been sold before?
Summitly has no earlier MLS® sale or lease of 549 Ridout St N #702 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 549 Ridout St N #702?
549 Ridout St N #702 is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 549 Ridout St N #702 been on the market?
124 days — 549 Ridout St N #702 was listed on June 19, 2026.
What is the price per square foot of 549 Ridout St N #702?
About $214 to $249 per square foot: the asking price of $299,000 over the 1,200–1,399 sq ft the listing gives as its size range.
Does 549 Ridout St N #702 have parking or a garage?
Yes — the listing gives 2 parking spaces. Garage: Yes.
Does 549 Ridout St N #702 have a basement, and is it finished?
The listing says 549 Ridout St N #702 has no basement.
