What are the monthly costs for 89 Ridout Street Unit 409, London South?

With 20% down at a 4.49% rate over 25 years, estimated monthly mortgage is approximately $2,221, property taxes ~$354/mo, and no maintenance fees listed. Total estimated monthly carrying cost: ~$2,575. Contact Joe Battaglia for a detailed cost analysis.

Is 89 Ridout Street Unit 409 a good investment?

This Condo is priced at $357/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 409?

89 Ridout Street Unit 409 is located in London South, Ontario. The area offers access to local schools, parks, transit, and amenities. Condo living provides convenient access to urban amenities. 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 409, London South?

To book a private showing for 89 Ridout Street Unit 409, 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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$499,900 - 89 Ridout Street Unit 409, London South

Condo for Sale in London South

109 days on market

2Beds

2Baths

1,400Sq Ft

Condo

Property Details

MLS Number: X12832794
Property Type: Condo
Status: active
Days on Site: 109
Bedrooms: 2
Bathrooms: 2
Square Feet: 1,400 sqft
Neighbourhood: London South
Locker: None
Exposure: North
Balcony: Open
Listing Brokerage: KELLER WILLIAMS LIFESTYLES

Description

Desirable, well-maintained building ideally located less than 2 km to Victoria Hospital and Parkwood Institute, 3.6 km to St. Joseph's Hospital, and 4.1 km to Western University and within walking distance to Downtown, Thames Park, Canada Life Place, Covent Garden Market, and Thames Valley Parkway walking and bike paths. A bus stop is directly in front of the building, makes commuting easy for health care professionals, downsizing seniors or young professionals. This 2-bedroom plus den, 2-bathroom corner unit offers 1,425 sq. ft. of functional living space with a bright, open-concept layout and large windows throughout. The kitchen includes plenty of cabinetry with pull-out drawers, stainless steel appliances, and a large island with breakfast bar. The dining and living areas feature California shutters and access to a private balcony with a glass railing. The primary bedroom offers a walk-in closet and a 4-piece ensuite with tiled shower, glass enclosure, and dual sinks. The second bedroom is ideal for guests, while the den provides an excellent home office, study area, or optional third bedroom. Additional highlights include a spacious foyer with ample closet space, in-suite laundry, controlled building entry, fitness room, and an assigned parking space.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,564.75/mo

Includes CMHC insurance ($13,947)

Purchase Price

Down Payment

5%10%50%

Interest Rate (%)

5-yr fixed avg.

Amortization

Frequency

Principal: $449,910Interest: $305,567

Mortgage Amount$463,857

Total Interest$305,567

Est. Property Tax$354/mo

Total Cost$769,424

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 409, London South

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent

$2,680/mo

Range: $2,278 - $3,082

Cap Rate (ROI)

3.1%

Fair

Monthly Cash Flow Breakdown

Rental Income+$2,680

Maintenance Fees-$910

Property Tax (est.)-$354

Insurance (est.)-$104

Net Cash Flow+$1,312

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 $357/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 109 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.

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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