140 RIDOUT ST S, London South, ON N6C 3X6
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140 RIDOUT ST S, London South, ON N6C 3X6
140 RIDOUT ST S, London South, ON N6C 3X6
140 RIDOUT ST S, London South, ON N6C 3X6
140 RIDOUT ST S, London South, ON N6C 3X6
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Andrew Di Matteo

Andrew Di Matteo

+1(416) 886-0411
$ 1,799,900
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140 RIDOUT ST S London South, ON N6C 3X6

8 Beds

5 Baths

UPDATED:

Key Details

Property Type Multi-Family, freehold, residential

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2500-3000

Subdivision South F

MLS Listing ID X13243444

Style 2-Storey

Bedrooms 8

Annual Tax Amount $6,969

Tax Year 2025

Property Sub-Type Multiplex

Property 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.

Location

Province ON

County Middlesex

Area Middlesex

Rooms

Family Room No

Basement Walk-Out, Separate Entrance

Kitchen 5

Interior

Interior Features Other

Cooling None

Fireplace No

Heat Source Gas

Exterior

Parking Features Private

Pool None

Waterfront Description None

Roof Type Asphalt Shingle

Road Frontage Paved Road

Lot Frontage 47.17

Lot Depth 147.13

Total Parking Spaces 6

Building

Building Age 51-99

Unit Features Hospital

Foundation Block, Concrete Block

New Construction false

Others

ParcelsYN No

Listed by CENTURY 21 PERCY FULTON LTD.
Andrew Di Matteo

Andrew Di Matteo

Advisor | License ID: 9537451

+1(416) 886-0411

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140 RIDOUT ST S