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$2,150,000
Ontario,London East (East F)
For Sale Active
575 RIDOUT STREET N, London East (East F), Ontario N6A2R2
  • 9,750 Sqft
Basic Details
Description

Well maintained 2.5 storey, 11 unit walk up apartment building in an established residential area close to downtown. Property Size: 0.25 acres. Official Plan: Multi-family, High Density Residential; Open Space. Development potential. Building consists of 11 – 1 bedroom, 1 bathroom units, all of similar size and layout. 8 units have been renovated and feature a dishwasher. There are 3

apartments on the lower level along with the laundry room and tenant storage and 4 units on each of the upper floors. 12 on site surface parking spots. Coin operated laundry on site, with 2 owned washers and dryers. Individual tenant storage lockers in the basement. Separate hydro meters. Current NOI: $120,842.64, Projected NOI: $157,005.00. Roof (TPO) replaced 2020. 2 Boilers with storage tanks for domestic hot water replaced approximately 10 years ago. Close proximity to the downtown core, the Thames River, walking trails and public transit. Zoning: R10-3*H30. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X12377866
  • Price: $2,150,000
  • Square Footage: 9,750 Sqft
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 283194
Features & Appliances
Features
  • Heating System: Other, Natural gas
Address Map
  • Location: CA, Ontario, London East (East F), N6A2R2
  • Street: Ridout
  • Street Number: 575
  • Street Suffix: Street
  • Longitude: W82° 44' 37''
  • Latitude: N42° 59' 16.5''
  • Street Dir Suffix: North
Additional Information
  • Water Source:
  • Business Type: Residential
  • Lot Size Dimensions: 0.262
Financial
  • Tax Annual Amount: 23658.53
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Listing updated: 2025-09-14 04:23:35
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Listing Information
  • List Agent Key: 1569309
  • List Office Key: 283194
  • Modification Timestamp: 2025-09-12T19:05:37Z
  • Originating System Name: London and St. Thomas Association of REALTORS®
  • Status Change Timestamp: 2025-09-12T18:52:45Z
Powered by REALTOR.ca
Listing updated: 2025-09-14 04:23:36

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with PassGo Law.

I acknowledge I can only access these forms as a ComFree customer under contract.

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with PassGo Law.

I acknowledge I can only access these forms as a ComFree customer under contract.

How It Works

1. Purchase Your Package

2. We Ship Your ‘For Sale’ Sign

3. Book Your VR Tour

4. Complete Listing Input Forms

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6. Get Support 7 Days a Week

7. iSOLD!

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with PassGo Law.

I acknowledge I can only access these forms as a ComFree customer under contract.

These forms are provided to ComFree’s Unrepresented Sellers as a part of their Mere Posting ComFree Listing Contract and in partnership with PassGo Law.

I acknowledge I can only access these forms as a ComFree customer under contract.

How It Works

1. Purchase Your Package

2. We Ship Your ‘For Sale’ Sign

3. Book Your VR Tour

4. Complete Listing Input Forms

5. We Make Your Listing Live

6. Get Support 7 Days a Week

7. iSOLD!