
239 Ridout Street
London South, ON
- 6 bed
- 4 bath
- approx. 2500-3000 sqft
- Detached
Unique opportunities like this rarely come to market in desirable Old South, 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, this piece of Old South history was used as their cherished family residence before transitioning into a dependable rental property for the last 20+ years. 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.
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2026)
- $6,622
- Originally Listed
- $699,000
- Listed
- September 10, 2026
Price History
Property
- Style
- 2 1/2 Storey
- Construction
- Brick
- Roof
- Slate
- Foundation
- Concrete Block, Stone
- Interior
- In-Law Suite, On Demand Water Heater, Storage
- Lot Size
- 40.27 x 122.75 Feet
Parking
- Garage
- Detached
- Covered Spaces
- 1
- Total Parking
- 5
Utilities
- Sewer
- Sewer
- Heat Source
- Wood
Location & Legal
- Cross Street
- Ridout & Briscoe
- Zoning
- R2-2
- Parcel Number
- 083760129
- Possession
- Flexible
- Occupancy
- Vacant
Included
- Inclusions
- 3 x Fridge, 3 x Stove, 1 x Dishwasher, Microwave, Washer, Dryer, Ceiling Fans, Light Fixtures
- Rental Items
- On Demand Hot Water Tank/Water Boiler Combo
Schools
Elementary
- Wortley Road Public School0.3 km
Public · Thames Valley DSB · 250 students
Grade 3 reading: 77% met the provincial standard · Grade 6 math: 50% met the provincial standard
- Tecumseh Public School0.4 km
Public · Thames Valley DSB · 345 students
Grade 3 reading: 74% met the provincial standard · Grade 6 math: 53% met the provincial standard
- St Martin Separate School0.6 km
Catholic · London District Catholic School Board · 455 students
Grade 3 reading: 66% met the provincial standard · Grade 6 math: 42% met the provincial standard
Secondary
- London South Collegiate Institute0.3 km
Public · Thames Valley DSB · 880 students
Grade 10 literacy: 73% met the provincial standard
- G A Wheable Secondary School2.2 km
Public · Thames Valley DSB
- Catholic Central High School2.2 km
Catholic · London District Catholic School Board · 1310 students
Grade 10 literacy: 89% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N6C
- Population
- 30,629
- Private dwellings
- 14,812
- Median age
- 41.6
- Average household size
- 2.1
- Median household income
- $75,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in London South · last 12 months
- Median sold price
- $580,000
- Homes sold
- 1,919
- Median days on market
- 27
- Sale-to-list price
- 97.5%
Based on 1,919 recorded sales of residential freehold properties in London South over the last 12 months.
Rooms
4-piece on Third, 4-piece on Second, 3-piece on Lower, 2-piece on Main
Third
- Kitchen14'3" x 7'1"
Second
- Bedroom10'6" x 12'8"
- Bedroom11'6" x 12'10"
- Bedroom10'4" x 12'8"
- Bedroom12'6" x 12'10"
Main
- Dining Room14'2" x 15'10"
- Foyer4' x 7'2"
- Kitchen9'5" x 10'2"
- Living Room15'11" x 25'5"
Lower
- Kitchen12'11" x 10'
- Laundry12'5" x 8'2"
- Recreation11'4" x 20'8"
Listed by
SUTTON GROUP - SELECT REALTY
Walk Score
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Location
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Mortgage Calculator
$129,800
Estimated Monthly Payment
$3,188
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
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Mortgage: $3,188/mo (20% down, 5.5%)
Taxes: $552/mo · Insurance: $162/mo
Estimates only. Consult a financial advisor.
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