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140 RIDOUT Street S in London South for sale

Asking price
$1,799,900
MLS #:
X13243444
Type:
Multiplex, 2-Storey
Approx. SQFT:
2500-3000
Basement:
W/O, Sep Entrance
8 8
47.17 x 147.13 ft lot
PROPERTY HISTORY
SIGN IN REQUIRED
List Date List Price Last Status Sold Date Sold Price Days On Market
0000-00-00 $00000 Exp N/A N/A N/A
0000-00-00 $00000 Lsd Feb 07 $1,800
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.

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  • Date Listed: Wednesday, June 03, 2026
  • Listing Brokerage: Century 21 Percy Fulton Ltd. - Disclaimer: The information contained in this listing has not been verified by Century 21 Percy Fulton Ltd. and should be verified by the buyer.
  • City: London South

    More 8 bedrooms homes for sale in London South

  • Neighbourhood: South F
  • Major Intersection: RIDOUT STREET SOUTH NEAR FERGUSON PLACE
  • Full Address: 140 RIDOUT Street S, London South, N6C 3X6, Canada, ON, Canada
  • Amenities:
  • Taxes: $6,969.00 (2025)

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