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New7 days ago

251 Ridout Street S

South F, London South

$549,900

Detached|2-Storey
3 | 2 | 6
About this home

Offering exceptional value in the heart of Old South, this charming century home has been lovingly cared for and is ready for its next chapter. Blending timeless character with thoughtful modern updates, this 3-bedroom, 1.5-bathroom home is a perfect fit for a growing family or first-time buyers ready to plant roots. The main floor features upgraded engineered hardwood flooring, a welcoming living room with a wood-burning fireplace, formal dining area, and an updated galley-style kitchen designed for everyday living. Upstairs, original hardwood floors add to the home's historic charm, while all three bedrooms feature walk-in closets, a rare find in homes of this era. The partially finished lower level provides additional living space with a cozy family room, a powder room, separate laundry room, and plenty of storage. Outside, enjoy quiet mornings on the private front porch, a low-maintenance yard that gives you more time to relax and less time on upkeep, and the oversized detached 2.5-car garage, ideal as a home gym, workshop, or simply extra space rarely found in this sought-after neighbourhood. Located just steps from Wortley Village, South Secondary School, Wortley Road Public School, local shops, restaurants, parks, and downtown London, this home offers the lifestyle buyers dream about. With incredible value in one of London's most desirable pockets, this is your chance to secure a character-filled Old South home before someone else does.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. Age100+
Size1100-1500 sq. ft.
Property Tax$4,352
Lot Size33 ft x 122.87 ft
mls© NumberX13779950
Listed ByTHRIVE REALTY GROUP INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,815
Property tax
$363
Heat allowance
$150
Housing costs
$3,327 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $109,980
25-yr amortization

Income needed

$102,000

gross annual household income

Payment at 4%
$2,314 / mo
Cash down
$109,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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