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$360K · 2 bed Condo Apartment · Unit 302, 549 Ridout Street, London, Ontario N6A 5N5 | HomeSearchCanada

$359,900

Unit 302

43 DOM

2243d

Map

DOM 43

↓ $30K

$359,900

↓ $30K

DOM43days

Unit 302

549 Ridout Street · London · Ontario N6A 5N5

MLS® X13601674 · East F · N6A 5N5

22OwnerOccupied1200-1399 ft²Condo Apartment1-car UndergroundNo basement43d$277/ft²$3,101 tax/yrBuilt 198541 yrs oldNo basement

43 days on market

About this home

Major renovations & remodeling cost approx.. $90,000 in this stunning, bright, fully renovated and remodeled open concept larger suite (1255 sq ft.). Ideally located in the heart of Downtown-steps to trendy restaurants, the Grand Theatre, Covent Garden Market, Budweiser Gardens, and scenic walking/biking paths along the Thames River. The area is seeing millions in new investment, including luxury high rises, amenities, and the Harris Park Shoreline Restoration completed in 2025 with new lookouts…

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Property details

MLS#: X13601674
Status: Buy Now
Property class: Residential Condo & Other
Beds: 2
Baths: 2 full, 0 half
Rooms: 5
Kitchens: 1
Size: 1200-1399Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: None
Style: 1 Storey/Apt
Type: Condo Apartment
Year built: 1985

Occupancy: Owner Occupied
Washrooms: 4 pc · Main; 4 pc · Main
Family room: No
Central vacuum: No
Ensuite laundry: Ensuite laundry

Zoning: R10-3

Roof: Asphalt Rolled
Foundation: Concrete
Property features: Hospital, Level, Park, Ravine

Fireplace features: Electric

View: Downtown

Condo corp #: 130
Balcony: None
Locker: None
Association amenities: Elevator, Exercise Room, Party Room/Meeting Room
Fees include: Common Elements Included, Water Included, Building Insurance Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Baseboard
Heating fuel: Electric
Cooling: Wall Unit(s)
Waterfront: No
Exterior: Brick · Fishing, Landscaped, Patio, Security Gate
Fronting on: —
Cross street: Talbot / Kent
Stories: 3
Utilities: —
Laundry: In-Suite Laundry
Laundry level: Main Level
Interior: Storage
Parking features: Underground, Reserved/Assigned

Additional listing data

ListAOR: London and St. Thomas Association of REALTORS

Rooms

Room details

Seller signals

Price movement & seller pressure

↓ $30KPrice reduction

MLS shows the seller reduced the asking price by $30,000 (from $389,900 to $359,900).

Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.

Property history

Sales History

NEW

Location details

Comparable sales

Neighbourhood SOLDs

Neighbourhood stats

Brokered by: RE/MAX CENTRE CITY REALTY INC.

Source: TRREB/PROPTX · MLS® X13601674

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$360K

Unit 302 · Bryon Bertrim

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Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $359,900✓ $3,101 tax✓ Electric✓ 1200-1399 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$3,680/mo

incl. closing costs (yr 1)

Annual total

$44,158

year 1

Mortgage only

$1,365/mo

principal + interest

Beyond mortgage

$1,533/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$71,980

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$258/mo

Utilities

Hydro / electricity$75/mo

≈ $0.13/ft² × ~1,300 ft² · incl. electric heat

Heat$0/mo

Electric heat — no gas service · see hydro

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$3,599/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$56/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$3,874

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)37% $16,384/yr

Property taxes16% $6,975/yr

Utilities6% $2,460/yr

Insurance & security4% $1,600/yr

Maintenance8% $3,599/yr

Condo fees18% $8,040/yr

Closing costs12% $5,100/yr

Mortgage is 37% of your true cost of ownership. The other 63% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$16,384	$1,365/mo
Government & taxes
Property tax	$3,101	$258/mo
Land transfer tax(closing)	$3,874	$323/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$3,599	$300/mo
Condo fees
Condo / HOA fees	$8,040	$670/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$44,158	$3,680/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 302

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

Neighbourhood SOLDs

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Annual costs