140 Ridout Street S London South, ON N6C 3X6
Inscription par: PropTX - IDX / Listed By: Sean Roland, Century 21 Percy Fulton Ltd. Brokerage

  140 Ridout Street S London South, ON N6C 3X6

En vigueur
1 293 914 $ (USD)
8
CAC
5
SDB
2500-3000
PI. CA.

Description

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.

MLS®:
X13243444
Les impôts
$6,969(2025)
Catégorie
Multifamily
Style
2-Storey
Ville
Middlesex County
Communauté
South F

Listed By

Sean Roland, Century 21 Percy Fulton Ltd. Brokerage
Source
PropTX - IDX
Dernière vérification Août 29 2026 à 7:27 PM EDT
Détails sur les salles de bains
Caractéristiques Intérieures
  • Other
Caractéristiques de la propriété
  • Foundation: Block
  • Foundation: Concrete Block
Chauffage et refroidissement
  • Other
  • None
Informations sur les sous-sols
  • Separate Entrance
  • Walk-Out
Informations sur le pool
  • None
Caractéristiques extérieures
  • Other
  • Toit: Asphalt Shingle
Informations sur les services publics
  • Sewer: Sewer
  • Fuel: Gas
  • Energy: Energy Certificate: No
Garage
  • None
Stationnement
  • Private
Étages
  • 2
Alimenté par Walk Score®
Disclaimer: Copyright 2026 Toronto IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 8/29/26 12:27