30
See all 30 photos
$1,799,900
Est. payment /mo
8 Beds
5 Baths
New
140 RIDOUT ST S London South, ON N6C 3X6
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
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
State 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.
GET MORE INFORMATION