140 RIDOUT Street

ActiveLondon South · South F63 days on marketMLS® X13243444

$1,799,900

$720 / sq ft

Bedrooms8

Bathrooms5

Interior2,500 sq ft

TypeSingle Family Home

ListingFor Sale

Days on Market63

About this property

Rare opportunity to acquire a fully renovated, purpose-built five-unit apartment building in the highly sought-after Old South London neighbourhood, just minutes from Downtown, Victoria Hospital, and Wortley Village. This turnkey investment offers exceptional income potential with projected gross rents of approximately $10,000/month and four vacant units, allowing investors to establish market rents immediately.The building features an excellent unit mix of three spacious two-bedroom apartments and two one-bedroom units, with potential to convert the one-bedroom suites into additional two-bedroom layouts for increased revenue. Extensive renovations have eliminated deferred maintenance and include a new roof (2021), eavestroughs (2023), windows (2025), exterior insulation upgrades, attic insulation upgraded to R60, and private balconies for each unit.All suites have been modernized with open-concept layouts, updated kitchens with quartz countertops, renovated bathrooms, stainless steel appliances, in-suite laundry, individual heat-pump split AC systems, and enhanced soundproofing. Major infrastructure upgrades include new plumbing, updated electrical wiring, 400-amp service, and separate hydro meters, allowing tenants to pay their own utilities. Safety features include 60-minute fire-rated doors and a basement sprinkler system.Additional amenities include private storage lockers, a fully paved rear parking area for over eight vehicles, and EV-charger-ready infrastructure. This low-maintenance, high-yield asset offers strong cash flow, long-term appreciation potential, and a premium multifamily investment opportunity in one of London's most desirable rental markets.

Features & finishes

View

Air Conditioning

Basement

Property details

MLS® Number	X13243444
Status	Active
Listing Type	For Sale
Property Type	Single Family Home
Interior Size	2,500 sq ft
Beds / Baths	8 bed · 5 bath
Neighbourhood	South F
City	London South
Postal Code	N6C 3X6
Province	ON
Listed Date	June 4, 2026
Days on Market	63
Price per Sq Ft	$720
Brokerage	CENTURY 21 PERCY FULTON LTD.