What are the monthly costs for 89 RIDOUT Street Unit 305, London South?

With 20% down at a 4.49% rate over 25 years, estimated monthly mortgage is approximately $1,732, property taxes ~$276/mo, and no maintenance fees listed. Total estimated monthly carrying cost: ~$2,008. Contact Joe Battaglia for a detailed cost analysis.

Is 89 RIDOUT Street Unit 305 a good investment?

This New Construction is priced at $325/sqft. 2 bedrooms and 2 bathrooms in London South make it suitable for investors or first-time buyers. Contact the Battaglia Team for a complimentary investment analysis including rental estimates and comparable sales data.

What is the neighbourhood like around 89 RIDOUT Street Unit 305?

89 RIDOUT Street Unit 305 is located in London South, Ontario. The area offers access to local schools, parks, transit, and amenities. The neighbourhood features established residential streets. Contact Joe Battaglia for a detailed neighbourhood report including school rankings, walk scores, and recent sales.

How do I book a showing for 89 RIDOUT Street Unit 305, London South?

To book a private showing for 89 RIDOUT Street Unit 305, contact Joe Battaglia directly at (416) 564-6611 or use the "Schedule a Showing" button on this page. Joe typically responds within 1 hour and can arrange same-day or next-day viewings. Virtual tours may also be available upon request.

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$389,900 - 89 RIDOUT Street Unit 305, London South

New Construction for Sale in London South

73 days on market

2Beds

2Baths

1,200Sq Ft

New Construction

Property Details

MLS Number: X12966440
Property Type: New Construction
Status: active
Days on Site: 73
Bedrooms: 2
Bathrooms: 2
Square Feet: 1,200 sqft
Neighbourhood: London South
Locker: None
Exposure: South West
Balcony: Open
Listing Brokerage: KELLER WILLIAMS LIFESTYLES

Description

Experience the refined lifestyle of Wortley Village in this premium corner suite at 89 Ridout Street South offering over 1300 sq. ft. of finished space, making it a rare find in the sought-after "Villas of Wortley" by the award-winning Tricar. This bright unit with Southwest exposure features a generously sized living and dining area, designed for modern urban living and open concept design. The contemporary kitchen is equipped with hard surface countertops, stainless steel appliances, and ample cabinetry. Step through the sliding glass door to your private balcony making it the perfect retreat for enjoying mature neighbourhood views of Old South. The primary retreat includes a large walk-in closet and a private 3-piece ensuite. A generous second bedroom and a full 4 piece main bathroom provides a welcoming space for guests or a professional home office. Additional highlights include in-suite laundry, exclusive parking. Situated in the heart of Wortley/Old South, you are steps away from the independent boutiques, cafes, and restaurants of Wortley Village, consistently recognized as one of Canada's best neighborhoods. For those who enjoy an active lifestyle, this wonderful home is a five-minute walk to Thames Park and provides immediate access to the 45km Thames Valley Parkway trail system, connecting you to downtown London and Western University. Healthcare professionals will appreciate the close proximity to Hospitals near by including Victoria Hospital, St. Joes & University Hospital. Enjoy controlled entry, a fitness room, and an elevator, this well-maintained building offers a sophisticated and convenient lifestyle in the London, Ontario real estate market. Discover why this remains one of the city's most desirable communities.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,000.39/mo

Includes CMHC insurance ($10,878)

Purchase Price

Down Payment

5%10%50%

Interest Rate (%)

5-yr fixed avg.

Amortization

Frequency

Principal: $350,910Interest: $238,329

Mortgage Amount$361,788

Total Interest$238,329

Est. Property Tax$276/mo

Total Cost$600,117

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 South

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

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 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.

Walk Score

Varies

Price Range

89 RIDOUT Street Unit 305, London South

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent

$2,400/mo

Range: $2,040 - $2,760

Cap Rate (ROI)

6.3%

Excellent

Monthly Cash Flow Breakdown

Rental Income+$2,400

Maintenance Fees-$0

Property Tax (est.)-$276

Insurance (est.)-$81

Net Cash Flow+$2,043

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 $325/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 73 days on site, this property has exceeded the typical selling timeline for London South. 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.

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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