Martin Xie
Sales Representative
Phone: 416-298-8200
Fax: 416-298-6602
2911 Kennedy Road
Toronto, Ontario M1V1S8

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Asking Price:
$1,799,900
Ref# X13243444
Available for Sale » Residential | Multiplex
140 RIDOUT S Street (RIDOUT STREET SOUTH NEAR FERGUSON PLACE)
South F, 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.
Property Features
  • Bedroom(s): 8
  • Bathroom(s): 5
  • Kitchen(s): 5
  • Square footage: 2500-3000
  • Estimated annual taxes: $6969
  • Basement: Walk-Out,Separate Entrance
  • Multiplex
For More Information About This Listing Please Contact:
Martin Xie, Sales Representative
Phone: 416-298-8200Email: martin.xie@century21.ca
The above information is deemed reliable, but is not guaranteed. Search facilities other than by a consumer seeking to purchase or lease real estate, is prohibited.
Request More Information
We only collect personal information strictly necessary to effectively market / sell the property of sellers, to assess, locate and qualify properties for buyers and to otherwise provide professional services to clients and customers. We value your privacy and assure you that your personal information is safely stored, securely transmitted, and protected. I/We do not sell, trade, transfer, rent or exchange your personal information.
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Property Photos
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.
Property Features
  • Bedroom(s): 8
  • Bathroom(s): 5
  • Kitchen(s): 5
  • Square footage: 2500-3000
  • Estimated annual taxes: $6969
  • Basement: Walk-Out,Separate Entrance
  • Multiplex
For More Information About This Listing Please Contact:
Martin Xie, Sales Representative
Phone: 416-298-8200Email: martin.xie@century21.ca
The above information is deemed reliable, but is not guaranteed. Search facilities other than by a consumer seeking to purchase or lease real estate, is prohibited.
Request More Information
We only collect personal information strictly necessary to effectively market / sell the property of sellers, to assess, locate and qualify properties for buyers and to otherwise provide professional services to clients and customers. We value your privacy and assure you that your personal information is safely stored, securely transmitted, and protected. I/We do not sell, trade, transfer, rent or exchange your personal information.
All fields are mandatory.
First Name:
Last Name:
Email address:
Phone:
Request More Information #X13243444
Your message:
Before Submitting The Form Please Answer The Following Security Question: 6 + 17 =
For More Information About This Listing Please Contact:
Martin Xie, Sales Representative
Phone: 416-298-8200Email: martin.xie@century21.ca
Request More Information
We only collect personal information strictly necessary to effectively market / sell the property of sellers, to assess, locate and qualify properties for buyers and to otherwise provide professional services to clients and customers. We value your privacy and assure you that your personal information is safely stored, securely transmitted, and protected. I/We do not sell, trade, transfer, rent or exchange your personal information.
All fields are mandatory.
First Name:
Last Name:
Email address:
Phone:
Request More Information #X13243444
Your message:
Before Submitting The Form Please Answer The Following Security Question: 6 + 17 =
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For More Information About This Listing Please Contact:
Martin Xie, Sales Representative
Phone: 416-298-8200Email: martin.xie@century21.ca
For More Information About This Listing Please Contact:
Martin Xie, Sales Representative
Phone: 416-298-8200Email: martin.xie@century21.ca
Property Rooms
Floor Room Dimensions Description
For More Information About This Listing Please Contact:
Martin Xie, Sales Representative
Phone: 416-298-8200Email: martin.xie@century21.ca
Appointment Request
We only collect personal information strictly necessary to effectively market / sell the property of sellers, to assess, locate and qualify properties for buyers and to otherwise provide professional services to clients and customers. We value your privacy and assure you that your personal information is safely stored, securely transmitted, and protected. I/We do not sell, trade, transfer, rent or exchange your personal information.
All fields are mandatory.
First Name:
Last Name:
Email address:
Phone:
Appointment Request #X13243444
Your message:
Before Submitting The Form Please Answer The Following Security Question: 6 + 17 =
For More Information About This Listing Please Contact:
Martin Xie, Sales Representative
Phone: 416-298-8200Email: martin.xie@century21.ca
Appointment Request
We only collect personal information strictly necessary to effectively market / sell the property of sellers, to assess, locate and qualify properties for buyers and to otherwise provide professional services to clients and customers. We value your privacy and assure you that your personal information is safely stored, securely transmitted, and protected. I/We do not sell, trade, transfer, rent or exchange your personal information.
All fields are mandatory.
First Name:
Last Name:
Email address:
Phone:
Appointment Request #X13243444
Your message:
Before Submitting The Form Please Answer The Following Security Question: 6 + 17 =
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