Homes For Sale: Canada Ontario London South 140 RIDOUT STREET S
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$1,799,900 CAD

140 RIDOUT STREET S
London South, Ontario N6C 3X6
Canada
8 bedrooms
5 baths
Residential For Sale, Multi Family
Sale price per sqm: 0
CENTURY 21 Percy Fulton Ltd. Brokerage
2911 Kennedy Road
Toronto, Ontario M1V1S8, Canada
Phone: 416-298-8200

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Remarks:

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.

Features:

  • Location: Neighborhood: South F

Location:

140 RIDOUT STREET S, London South, Ontario N6C 3X6, Canada
Listed By CENTURY 21 Percy Fulton Ltd. Brokerage

The Residential For Sale, Multi Family located at 140 RIDOUT STREET S, London South, Ontario N6C 3X6, Canada is currently for sale. 140 RIDOUT STREET S, London South, Ontario N6C 3X6, Canada is listed for $1,799,900 CAD. This property has 8 bedrooms, 5 bathrooms. If the property located at 140 RIDOUT STREET S, London South, Ontario N6C 3X6, Canada isn't what you're looking for, search Ontario Real Estate to see other Homes For Sale in London South.

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