$599,000 - 239 Ridout Street, London South
Detached for Sale in London South
New — Listed yesterdayNeighbourhood: South G
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- MLS Number
- X14110858
- Property Type
- Detached
- Status
- active
- Days on Site
- 1
- Bedrooms
- 6
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- London South
- Taxes (2025)
- $6,622
- Listing Brokerage
- SUTTON GROUP - SELECT REALTY INC.
Unique opportunities like this rarely come to market in desirable Wortley, especially those offering flexible living options, income potential to help offset mortgage costs, and the chance to add tremendous value. Being offered with vacant possession and the ability to close quickly! Just an 8 minute walk to Wortley Village and close to coveted schools, this home features 3,570 sq. ft. of finished living space, a functional, flowing floor plan, 6 bedrooms, 3.5 bathrooms, ample storage, a spacious living room, formal dining room, and 3 distinct living areas, each with its own kitchen and full bathroom. A separate side entrance leads to the basement in-law suite. A dedicated spacious laundry room is located in the basement, with the ability for a future owner to easily add separate laundry to the other living spaces on the first and third levels. A distinctive scalloped slate roof adds character and curb appeal, while the detached single-car garage/workshop provides added flexibility and peace of mind. A standout feature is the private parking lane accommodating 5 vehicles, with room for 2 vehicles side-by-side at the front. Additional highlights include a kitchen pantry, powder room and large walk-in coat closet on the main level, 9 and 10-ft ceilings and renewed original flooring throughout, and a new on-demand water heater/boiler combination. Lovingly owned by the same family for five decades. R2-2 zoning provides plenty to explore, subject to municipal requirements and approvals. Being sold in "as-is, where-is" condition, as the owners do not reside at the property.
Estimate your monthly payments for this property
Estimated Payment
$3,073.18/mo
Includes CMHC insurance ($16,712)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover South G
South G is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in South G
- •Convenient location in London South
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
South G offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
239 Ridout Street, London South
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $240/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Just Listed - Act Strategically
This property hit the market within the last week. In London South's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Detached Home Advantages
Detached homes in London South are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in London South.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
About South G
I know South G well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.