140 RIDOUT Street S, London South, ON N6C 3X6
South F, London South · Near RIDOUT STREET SOUTH NEAR FERGUSON PLACE · View map
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.
The home
- Type
- Multiplex
- Style
- 2-Storey
- Square footage
- 2500-3000 sq ft
- Bedrooms
- 8
- Bathrooms
- 5
- Kitchens
- 5
- Rooms
- 16
- Basement
- Walk-Out, Separate Entrance
- Lot size
- 47.2 x 147.1 ft
- Faces
- South
- Approximate age
- 51-99 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating fuel
- Gas
- Fireplace
- No
Garage & parking
- Driveway spaces
- 6
- Total parking
- 6
- Parking features
- Private
Taxes & other
- Property taxes
- $6,969/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- RIDOUT STREET SOUTH NEAR FERGUSON PLACE
- Neighbourhood
- South F
More
- Price per sq ft
- ~$655 (at 2,750 sq ft)
- MLS® number
- X13243444
No matching details. Ask Will instead
The home and its surroundings
- Hospital
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
140 RIDOUT Street, London South, ON N6C 3X6
South F, London South · Near RIDOUT STREET SOUTH NEAR FERGUSON PLACE
Get directionsWhat’s nearbySchools nearby
Open this tab to load nearby schools.
Your commute
Enter where you go every day to see real drive times:
Listing history for 140 RIDOUT Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
Sold prices are for members. It’s free, takes a few seconds, and unlocks the sale history on every listing.
Frequently asked questions about 140 RIDOUT Street S
Answers come straight from this home’s MLS® listing.
How much is 140 RIDOUT Street S listed for, and what would it cost each month?
140 RIDOUT Street S is listed for $1,799,900. With 20% down ($359,980), the mortgage payment would be roughly $7,260 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $7,841 a month, all in. That figure is an illustration, not a quote.
Is 140 RIDOUT Street S freehold or a condo, and is there a monthly fee?
140 RIDOUT Street S is a multiplex in South F, London South. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 140 RIDOUT Street S have?
140 RIDOUT Street S has 8 bedrooms and 5 bathrooms. The listing gives the style as 2-storey.
Does 140 RIDOUT Street S have a garage and parking?
The listing does not show a garage. The driveway adds 6 spaces. In total the listing counts 6 parking spaces.
Does 140 RIDOUT Street S have a finished basement?
The listing describes the basement as walk-out, separate entrance. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 140 RIDOUT Street S?
140 RIDOUT Street S is a multiplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 140 RIDOUT Street S, and what is the lot size?
The listing puts the home between 2,500 and 3,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 47.2 x 147.1 ft.
How is 140 RIDOUT Street S heated and cooled?
Heating is (gas). The listing does not show air conditioning.
What are the property taxes for 140 RIDOUT Street S?
Property taxes are $6,969 a year (2025), or about $581 a month.
Where is 140 RIDOUT Street S?
140 RIDOUT Street S is in the South F community of London South. The nearest main intersection is RIDOUT STREET SOUTH NEAR FERGUSON PLACE. The postal code is N6C 3X6.
Is 140 RIDOUT Street S still for sale?
Yes. It is an active listing (MLS® X13243444). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 140 RIDOUT Street S asking?
Similar properties for sale nearby right now include 1 Wortley Road at $1,595,000, 1704 Upper West Avenue at $1,799,900 (5 bed) and 7116 Silver Creek Circle at $1,519,999 (5+2 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 140 RIDOUT Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 140 RIDOUT Street S?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near South F, picked by style, size and price.
Office$1,595,0001 Wortley Road, London South4 bath · South FCourtesy of: ROYAL LEPAGE TRILAND REALTYView home →
Detached home$1,799,9001704 Upper West Avenue, London South5 bed · 7 bath · South BCourtesy of: CENTURY 21 FIRST CANADIAN CORPView home →
Detached home$1,519,9997116 Silver Creek Circle, London South5+2 bed · 5 bath · South VCourtesy of: CIRCLE REAL ESTATEView home →Courtesy of: CENTURY 21 PERCY FULTON LTD.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.