$619,900 - 330 Ridout Street Unit 2401, London East
Condo for Sale in London East
50 days on market- MLS Number
- X13065326
- Property Type
- Condo
- Status
- active
- Days on Site
- 50
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,600 sqft
- Neighbourhood
- London East
- Locker
- Owned
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- PC275 REALTY INC.
A rare opportunity to transition into elevated, low-maintenance living without compromising on space or privacy. Perched on the 24th floor in a quiet pocket of downtown London, this expansive 1,664 sq ft suite offers a level of scale and calm rarely found in condo living. With only six units on the floor, this is a true retreat above the city. Designed for flexibility, the layout currently functions as a generous 1-bedroom + den with an oversized living area, easily convertible back to a full 2-bedroom configuration. The open-concept kitchen anchors the home with a large island, flowing seamlessly into formal dining and a bright, expansive living space ideal for everyday comfort or entertaining.The primary suite is a private escape, complete with a walk-in closet and a well-appointed 5-piece ensuite featuring a soaker tub and glass shower. Two full bathrooms, in-suite laundry, and thoughtful storage throughout support effortless day-to-day living. Step outside to two private balconies and take in sweeping views of the Thames River and city skyline from above it all. Additional highlights include two underground parking spaces and access to a well-managed building with premium amenities: media room, guest suites, party room, library, and landscaped courtyard.For those ready to simplify their home without downsizing their lifestyle-this is where that transition begins.
Estimate your monthly payments for this property
Estimated Payment
$3,180.41/mo
Includes CMHC insurance ($17,295)
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 2401, London East
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
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 $387/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 50 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 $2,583 (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.