549 Ridout St N 203

North E, London, N6A 5N5
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549 Ridout St N 203, London
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2
BEDROOMS
2
BATHROOMS
1
KITCHENS
7
ROOMS
X8283688
MLSID
Contact Us
Property Description
Note: Harris Park Shoreline Restoration & Park Improvements on East Side of Thames River are Expected to start in Summer 2024 ( They already have started preparing the grounds). Which will give a huge boost to this area. Welcome to the epitome of urban living at the Blackfriars, in the heart of Downtown, within walking distance to trendy restaurants, Grand Theatre, Covent Garden Market, (Budweiser Gardens) JLC, stunning walking and biking paths, fishing, and canoeing spots!! This 2-bedroom, 2-bathroom Suite with stunning views of Harris Park and Thames River has been owner occupied for 23 years, and very well taken care and maintained. But it is dated and needs updates and priced accordingly. It offers a spacious eat-in kitchen, large living room, dining room, in-suite laundry & storage. The large eating area off the kitchen could be used as a den. It combines comfort, practicality & an incredible view that stretches over Harris Park and Thames River. The building is approx 80% owner-occupied (retired seniors, young professionals) and in last 10 years has gone through major renos including (a classy, elegant rebuilt foyer with fireplace, designer's furniture, all carpeting, wallpaper, light fixtures, hardware, artwork on all floors, elevators, roof, underground parking membrane, party room, extensive landscaping, and, security cameras on all floors & at the front, back patios and underground parking, attractive quality windows in 2022, and new back boardwalk & and patio doors (2023). Assigned parking spot is #55. The Corporation has no loans and all renovations are paid for. Don't miss out on this!!
Property Details
Street
Community
City
Property Type
Condo Apt, Other
Approximate Sq.Ft.
1000-1199
Taxes
$2,513 (2023)
Basement
None
Exterior
Brick
Heat Type
None
Heat Source
Electric
Air Conditioning
Other
Garage Type
Underground
London Market Statistics
London Price Trend
549 Ridout St N 203 is a 2-bedroom 2-bathroom condo listed for sale at $369,900, which is $68,743 (15.7%) lower than the average sold price of $438,643 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 2 bedroom condo in London declined by $131,785 (23.1%) compared to the previous 30 day period (March 15 - April 13) and down $91,357 (17.2%) from the same time one year ago.
Inventory Change
There were 55 2-bedroom condos listed in London over the last 30 days (April 14 - May 13), which is up 150.0% compared with the previous 30 day period (March 15 - April 13) and up 1,000.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom condos in London typically sold ($11,282) (2.6%) below asking price over the last 30 days (April 14 - May 13), which represents a $2,449 decrease compared to the previous 30 day period (March 15 - April 13) and ($13,550) more than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom condos in London over the last 30 days (April 14 - May 13) stood at 74.5%, down from 95.5% over the previous 30 days (March 15 - April 13) and down from 160.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom condo in London stood at 37 days when successfully sold over the last 30 days (April 14 - May 13), compared to 52 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Centre City Realty Inc., Brokerage
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