549 Ridout Street Unit 607, London East

Price: $339,900

2 bedrooms, 2 bathrooms

1,000 sqft

Property Type: Condo

MLS#: X13426248

Imagine waking up to the sun glistening off the Thames River and the lush greenery of Harris Park right outside your window. This isn't just a condo; it's a front-row seat to the best of London. Situated on the sixth floor of the prestigious Blackfriars building, this 1,135-square-foot residence offers a rare balance of downtown energy and park-side serenity. Natural light floods the open-concept living area through wall-to-wall windows, creating an airy, uplifting atmosphere for both morning coffee and evening entertaining. The updated galley kitchen is a functional masterpiece for the home chef, while two generous bedrooms provide a quiet retreat from the city's pulse. With two full bathrooms and the convenience of in-suite laundry, the layout is as practical as it is beautiful. Step outside and find yourself minutes from the city's finest dining, entertainment, and scenic riverside trails. Whether you're a professional seeking an urban hub, a couple starting a new chapter, or looking for a refined retirement lifestyle, this meticulously maintained building offers peace of mind with heated underground parking and a quiet, secure environment. Experience a lifestyle where the vibrant heartbeat of downtown meets the tranquility of nature. Contact us today to arrange your private viewing of this exceptional riverside home. Some images have been virtually staged to illustrate the potential use and layout of the space. Furniture, décor, and other items shown in these images are digitally generated and may not be present during in-person viewings."

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$339,900 - 549 Ridout Street Unit 607, London East

Condo for Sale in London East

Popular Listing
2Beds
2Baths
1,000Sq Ft
Condo
Property Details
MLS Number
X13426248
Property Type
Condo
Status
active
Days on Site
9
Bedrooms
2
Bathrooms
2
Square Feet
1,000 sqft
Neighbourhood
London East
Locker
None
Exposure
North West
Balcony
None
Listing Brokerage
THE GUNN REAL ESTATE GROUP INC.
Description

Imagine waking up to the sun glistening off the Thames River and the lush greenery of Harris Park right outside your window. This isn't just a condo; it's a front-row seat to the best of London. Situated on the sixth floor of the prestigious Blackfriars building, this 1,135-square-foot residence offers a rare balance of downtown energy and park-side serenity. Natural light floods the open-concept living area through wall-to-wall windows, creating an airy, uplifting atmosphere for both morning coffee and evening entertaining. The updated galley kitchen is a functional masterpiece for the home chef, while two generous bedrooms provide a quiet retreat from the city's pulse. With two full bathrooms and the convenience of in-suite laundry, the layout is as practical as it is beautiful. Step outside and find yourself minutes from the city's finest dining, entertainment, and scenic riverside trails. Whether you're a professional seeking an urban hub, a couple starting a new chapter, or looking for a refined retirement lifestyle, this meticulously maintained building offers peace of mind with heated underground parking and a quiet, secure environment. Experience a lifestyle where the vibrant heartbeat of downtown meets the tranquility of nature. Contact us today to arrange your private viewing of this exceptional riverside home. Some images have been virtually staged to illustrate the potential use and layout of the space. Furniture, décor, and other items shown in these images are digitally generated and may not be present during in-person viewings."

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,743.86/mo

Includes CMHC insurance ($9,483)

$
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5-yr fixed avg.

Principal: $305,910Interest: $207,766
Mortgage Amount$315,393
Total Interest$207,766
Est. Property Tax$241/mo
Total Cost$523,159

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.

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Neighbourhood Guide: London East

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

549 Ridout Street Unit 607, London East

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,360/mo
Range: $2,006 - $2,714
Cap Rate (ROI)
4.9%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,360
Maintenance Fees-$650
Property Tax (est.)-$241
Insurance (est.)-$71
Net Cash Flow+$1,398

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $340/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.

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.

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.

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    549 Ridout Street Unit 607, London East | $339,900 | Battaglia Team