$515,000 - 330 Ridout Street Unit 803, London East
Condo for Sale in London East
100 days on market- MLS Number
- X12869408
- Property Type
- Condo
- Status
- active
- Days on Site
- 100
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- London East
- Locker
- None
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- THE REALTY FIRM INC.
Spectacular northeast facing corner condo suite with spacious 184 sq ft balcony overlooking lush greenery on the terrace creating a private peaceful oasis, ideal for quiet mornings or relaxing evenings with a glass of wine. The open-concept layout seamlessly connects the kitchen,l iving, and dining areas, offering the perfect setting for entertaining. Recently updated stunning light-toned wood laminate flooring flows throughout the living and dining space and both bedrooms, complemented by updated light fixtures that add a modern touch. Gourmet kitchen features stainless steel appliances, granite countertops, and a convenient peninsula, ideal for hosting guests or enjoying casual meals. Recent updates include refinished cabinetry with soft-close hinges, a sleek new faucet, and a contemporary light fixture. Primary bedroom suite boasts a large window, a generous walk-in closet, and a stylish ensuite with frameless glass shower, oversized vanity with granite countertop, and new tile flooring. The versatile second bedroom is filled with natural light and can easily function as a guest room, home office, or cozy reading nook. The main bathroom echoes the same high-end finishes as the ensuite, complete with a linen closet for added convenience. In-suite laundry, and one indoor parking spot is included. Monthly expenses are simplified as heating, cooling and water are also included. Enjoy the fabulous amenities: fitness centre, theatre room, billiards, lounge & bar area, dining area, kitchen, library, outdoor terrace and 2 guest suites. Many amazing downtown experiences are only steps away - catch thrilling London Knights hockey games, attend world-class concerts at Canada Life Place, enjoy performances at the The Grand Theatre, take in the charm of local cafes, pizza spots, restaurants, boutique shops and the Covent GardenMarket. Make your dream lifestyle a reality, it's right here, waiting for you.
Estimate your monthly payments for this property
Estimated Payment
$2,642.22/mo
Includes CMHC insurance ($14,369)
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 803, 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 $429/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 100 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 $2,146 (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.