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140 RIDOUT STREET S London South
  • 140 RIDOUT STREET S London South
  • 140 RIDOUT STREET S London South
  • 140 RIDOUT STREET S London South
  • 140 RIDOUT STREET S London South
  • 140 RIDOUT STREET S London South
  • 140 RIDOUT STREET S London South
  • 140 RIDOUT STREET S London South
  • 140 RIDOUT STREET S London South
  • 140 RIDOUT STREET S London South
  • 140 RIDOUT STREET S London South
  • 140 RIDOUT STREET S London South
  • 140 RIDOUT STREET S London South
  • 140 RIDOUT STREET S London South
  • 140 RIDOUT STREET S London South
  • 140 RIDOUT STREET S London South
  • 140 RIDOUT STREET S London South
  • 140 RIDOUT STREET S London South
  • 140 RIDOUT STREET S London South
  • 140 RIDOUT STREET S London South
  • 140 RIDOUT STREET S London South
  • 140 RIDOUT STREET S London South
  • 140 RIDOUT STREET S London South
  • 140 RIDOUT STREET S London South
  • 140 RIDOUT STREET S London South
  • 140 RIDOUT STREET S London South
  • 140 RIDOUT STREET S London South
  • 140 RIDOUT STREET S London South
  • 140 RIDOUT STREET S London South
  • 140 RIDOUT STREET S London South
  • 140 RIDOUT STREET S London South

140 RIDOUT STREET S, London South, Ontario

$1,799,900

  • 8 Beds
  • 5 Baths

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. (id:23309)

  • Listing ID: X13243444
  • Property Type: Multi-family
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Details

  • Amenities Nearby: Hospital
  • Parking Spaces: 6
  • Transaction: For sale
  • Zoning Description: R2-2

Building

  • BasementType: N/A, N/A
  • Basement Features: Walk out, Separate entrance
  • Bedrooms Main Level: 8
  • Cooling: None
  • Fireplace Present: False
  • Foundation: Block
  • Bathrooms (Total): 5
  • Heating: Other
  • Heating Fuel: Natural gas
  • Size Interior: 2500 - 3000 sqft
  • Stories Total: 2
  • Type: Other
  • Utility Water: Municipal water

Land

  • Amenities: Hospital
  • Sewer: Sanitary sewer
  • Size Irregular: 47.2 x 147.1 Acre
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 140 RIDOUT STREET S in London Ontario. It was last modified on June 4th, 2026. Contact Rosemarie Vella-Noor to schedule a viewing or to discover other London homes for sale.

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