$695,000 - 330 Ridout Street Unit 1708, London East
Condo for Sale in London East
106 days on market- MLS Number
- X12849158
- Property Type
- Condo
- Status
- active
- Days on Site
- 106
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,600 sqft
- Neighbourhood
- London East
- Locker
- None
- Exposure
- South West
- Balcony
- Enclosed
- Listing Brokerage
- THE REALTY FIRM INC.
Spectacular 17th-floor corner suite with prime southwest exposure, capturing vivid sunsets and sunrises with sweeping views across mature treetops creating a breathtaking backdrop to everyday living. Wrapped in floor-to-ceiling windows, this 1720 sq ft suite is filled with natural light and enhanced by updated light-toned flooring that adds warmth and comfort. Step onto the generous balcony featuring a retractable glass enclosure, an exceptional addition that seamlessly blends indoor and outdoor living while extending the outdoor season. The dream kitchen showcases granite countertops, stainless steel appliances, backsplash, spacious island, soft-close cabinetry, pull-out organizers in the lower cabinets, and a walk-in pantry with added shelving for exceptional storage. The spacious dining area offers the perfect setting for hosting family and friends.The primary suite offers a walk-in closet with built-ins and spacious 4-piece ensuite featuring granite countertops and a deep whirlpool tub. Recent renovations enhance the space with new shower tile, a new shower base, and a sleek sliding glass shower door and a new elegant double-door entry. The second bedroom includes built-in wall cabinets with soft close sliding doors and is privately positioned at the opposite end of the condo, with a nearby 4-piece bath. Versatile den provides flexibility for a home office, reading retreat, or guest space. Additional highlights include upgraded lighting and motorized dual blinds (light filtering and privacy), in-suite laundry and 2 indoor parking spaces. Condo fees include heating, cooling, and water. Exceptional amenities include fitness centre, theatre room, billiards lounge, dining room, kitchen, library, outdoor terrace with 4-hole putting green, 2 guest suites and car washing station. Many downtown experiences are steps away, Canada Life Place, local cafes, restaurants, and the iconic Covent Garden Market. A must see to experience the elevated views in this condo. suite.
Estimate your monthly payments for this property
Estimated Payment
$3,565.71/mo
Includes CMHC insurance ($19,391)
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 East
London East 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 East
- •Convenient location in London East
- •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 East 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.
330 Ridout Street Unit 1708, London East
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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 $434/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.
Negotiation Opportunity
At 106 days on site, this property has exceeded the typical selling timeline for London East. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Investment Perspective
Looking at this as an investment: London East properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,896 (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.