Salehian.com 647-325-5000

140 RIDOUT Street S

South F, London South, N6C 3X6

$1,799,900

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  • 8 bedrooms
  • 5 bathrooms
  • 6 parking
  • 2500-3000 sq ft

Listed 138 days ago · MLS® X13243444

About this home

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.

Details

Type
Multiplex
Style
2-Storey
Age
51-99 years
Size
2500-3000 sq ft
Lot
47.17 × 147.13 ft
Basement
Walk-Out, Separate Entrance
Garage
None
Kitchens
5
Property tax
$6,969 (2025)
Neighbourhood
South F
Municipality
London South

Interior

Bedrooms
8 above ground
Bathrooms
5 × 4-piece
Rooms
16 above ground
Family room or den
No
Fireplace
No

Heating, cooling and services

Heating
Gas
Water and sewer
Sewer

Building and exterior

Style
2-Storey
Roof
Asphalt Shingle
Foundation
Block, Concrete Block
Age
51-99 years
Faces
South

Parking

Total parking
6
Driveway and parking
Private

Lot

Size
47.17 × 147.13 ft
Acreage
< .50

More

Possession
Flexible
Nearby
Hospital
Cross street
RIDOUT STREET SOUTH NEAR FERGUSON PLACE

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 1 grocery store, 15 cafés and restaurants, 12 parks, 1 pharmacy. Nearest grocery: Your Independent Grocer (450 m). Nearest park: The Green (250 m).

Schools nearby

Elementary

  • St. Martin Separate School Catholic
    EQAO: Gr 6 reading 87%, math 42%    7 min walk
  • Wortley Road Public School
    EQAO: Gr 6 reading 82%, math 50%    8 min walk
  • Tecumseh Public School
    EQAO: Gr 6 reading 83%, math 53%    8 min walk
  • Victoria Public School
    EQAO: Gr 6 reading 42%, math 5%    18 min walk

Secondary

  • London South Collegiate Institute
    EQAO: Gr 9 math 49%, literacy test 73%    7 min walk
  • Catholic Central High School Catholic
    EQAO: Gr 9 math 57%, literacy test 89%    2.1 km
  • London Central Secondary School
    EQAO: Gr 9 math 81%, literacy test 91%    2.1 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N6C

Owners / renters
57% / 43%
Median household income
$75,500
Average age
42
Children under 15
15%
Homes
48% detached, 18% high-rise
Commute by transit
5%
Population
30,629

Languages spoken most at home besides English: Arabic 1.8%, Spanish 1.4%, Polish 0.4%, Greek 0.2%.

Safety

Crime Severity Index for London police: 73 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown London: 2 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by CENTURY 21 PERCY FULTON LTD..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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