140 RIDOUT Street S, London South, ON N6C 3X6
London South
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.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 140 RIDOUT Street S, London South, ON N6C 3X6
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MLS# X13243444
Listed by CENTURY 21 PERCY FULTON LTD.
On market since Jun 4, 2026
What comparable homes actually sold for in the last 12 months.
140 RIDOUT Street S, London South, ON N6C 3X6 is listed for $1,799,900 CAD.
140 RIDOUT Street S, London South, ON N6C 3X6 has 8 bedrooms and 5 bathrooms.
140 RIDOUT Street S, London South, ON N6C 3X6 is a Multiplex.
140 RIDOUT Street S, London South, ON N6C 3X6 is in London South, Ontario.
140 RIDOUT Street S, London South, ON N6C 3X6 is currently for sale.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 140 RIDOUT Street S, London South, ON N6C 3X6 (MLS# X13243444). You can also send a message through the contact form on this site.
