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239 Ridout Street

239 Ridout Street

London South, ON

  • 6 bed
  • 4 bath
  • approx. 2500-3000 sqft
  • Detached
$649,000Price reduced 7%

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.

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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

Walk Score is unavailable for this address right now.

Mortgage Calculator

$129,800

Estimated Monthly Payment

$3,188

Land transfer tax

Estimated land transfer tax$9,455

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

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $3,188/mo (20% down, 5.5%)

Taxes: $552/mo · Insurance: $162/mo

Estimates only. Consult a financial advisor.

R

Reita | Assistant

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Reita said:

Reita is an automated assistant, not a licensed real estate agent. This listing mentions A distinctive scalloped slate roof adds character and curb appeal, while the detached single-car garage/workshop provides added flexibility and peace of mind.. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?

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