$919,000 - 255 Ridgewood Crescent, London South
Detached for Sale in London South
New — Listed yesterday- MLS Number
- X13461868
- Property Type
- Detached
- Status
- active
- Days on Site
- 1
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- London South
- Lot Size
- 3 sqft
- Listing Brokerage
- THRIVE REALTY GROUP INC.
Larger than it looks! If you've ever dreamed of owning a country property within the city, this is your opportunity. Situated on just over 2.5 acres in the sought-after Southcrest neighbourhood, this unique property offers privacy, greenspace, and room to breathe while remaining close to all city amenities. This well-maintained bungalow offers significantly more living space than you might expect thanks to a thoughtfully designed addition. The addition features a spacious kitchen with granite countertops, hardwood flooring, abundant natural light, and views overlooking the oversized deck and surrounding greenspace. It also includes a versatile hot tub room (originally designed as a bedroom with skylight and direct deck access), a 3-piece bathroom with walk-in shower, plus a convenient mudroom and storage area with access from the attached garage. The original portion of the home offers a generous living room with gas fireplace insert and large picture window, a formal dining room that was previously a bedroom (original doorway remains and could potentially be converted back), a spacious primary bedroom that easily accommodates a king-sized bed, additional bedrooms with original hardwood flooring, and a 4-piece main bath with soaker tub. Outside, you'll find an attached oversized 2-car garage plus an impressive detached 3.5-car garage/workshop (approximately 800 sq. ft., built in 2017) featuring loft storage and three electrical panels, ideal for hobbyists, tradespeople, car enthusiasts, or additional storage needs. A walkway provides direct access into the surrounding greenspace, further enhancing the property's country-like feel. The basement has been professionally waterproofed(warranty transferrable) with a sump pump installed (2023). The space is currently unfinished and offers excellent workshop and storage potential. If you've been searching for a country property without giving up the convenience of city living, this is the one for you!
Estimate your monthly payments for this property
Estimated Payment
$4,714.95/mo
Includes CMHC insurance ($25,640)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover London South
London South is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in London South
- •Convenient location in London South
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
London South offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
255 Ridgewood Crescent, London South
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $613/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Just Listed - Act Strategically
This property hit the market within the last week. In London South's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Detached Home Advantages
Detached homes in London South are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Investment Perspective
Looking at this as an investment: London South properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,829 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.