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322 Ridout Street S, London South, ON N6C 3Z3

2 beds · 2 baths · 1 kitchen · 10 rooms · 3 parking spaces · 1500-2000 sq ft · Detached
$599,900
Property tax
$4,593 / year

Live just steps from the shops, restaurants, parks, and highly rated schools of London's sought after Wortley Village. This well maintained home is a fantastic opportunity to get into one of London's most desirable neighbourhoods while enjoying separate living and dining rooms, an additional family room on the main level, numerous updates, a large backyard, and a versatile detached storage building with excellent workshop potential.The main floor features a bright living room, a separate dining room, an updated kitchen, a convenient 2 piece bathroom, an enclosed entry-way sunroom, and a spacious rear family room that could also serve as a home office, playroom, or additional entertaining space. Upstairs, you'll find two generously sized bedrooms with excellent closet space and a full 4 piece bathroom. The unfinished attic offers potential for future development, subject to all required approvals. Step outside to enjoy the large deck and spacious fenced backyard, perfect for entertaining, family gatherings, or relaxing evenings. The detached storage building offers plenty of storage today while also providing excellent workshop potential. The basement adds even more valuable storage space.If you've been looking for an affordable home in one of London's most walkable and sought after neighbourhoods, this is one you won't want to miss. Book your private showing today!

MLS number
X13574484
Type
Detached
Status
Active
Bedrooms
2
Bathrooms
2
Postal code
N6C 3Z3
Photos
46
Laundry
Not in the unit
58days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Matched to this street. The listing did not say which direction, and every candidate was in the same place.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
London South Collegiate Institute
Thames Valley DSB
Secondary535 m6.1 / 10
61% met the standard · 2 of 6 measures
Mountsfield Public School
Thames Valley DSB
Elementary581 m7.3 / 10
73% met the standard
Tecumseh Public School
Thames Valley DSB
Elementary569 m7.1 / 10
71% met the standard
Wortley Road Public School
Thames Valley DSB
Elementary554 m7.1 / 10
71% met the standard
St Martin Separate School
London District Catholic School Board
Elementary958 m7.2 / 10
72% met the standard
Infinity SchoolElementary1.3 kmNot reported
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

The market around this home

Detached houses in London South2,206 sales over the last five years. Too few sold in this community to chart it on its own, so this is the whole city.

Median sold priceWhat comparable homes actually sold for
$598k$643k$688k20252026this home’s asking price
$659klatest quarter · hover to read any
Sold vs askingAbove 100% means bidding wars were normal
97%99%100%20252026the asking price
98%latest quarter · hover to read any
Days to sellMedian days on market before the deal closed
-1d14d28d20252026
21dlatest quarter · hover to read any
How these are built, and what they cannot tell you

Each point is the median of the sales that closed in that quarter among detached houses in london south. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.

This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.

Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 582 people.

$92,000Median household income
81.5%Own their home
78.2%Detached houses
45.2Median age
10.7%Born outside Canada
40.2%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35390245 — the few blocks around this address, home to 582 people. It describes the area, not this property.

582Population
42.7Average age
2.1Household size
$99,000Average household income
$92,000Median household income
82%Own their home
19%Rent
0%Condominiums
11%Born outside Canada
40%University degree
$500,000Average home value
6%Low income
30%Not in the labour force
31%Never married
Under $5,0001%
$10,000 to $14,9991%
$15,000 to $19,9991%
$20,000 to $24,9994%
$25,000 to $29,9991%
$30,000 to $34,9991%
$35,000 to $39,9991%
$40,000 to $44,9991%
$45,000 to $49,9993%
$50,000 to $59,9994%
$60,000 to $69,9994%
$70,000 to $79,9994%
$80,000 to $89,9994%
$90,000 to $99,9995%
$100,000 and over32%
$100,000 to $124,99910%
$125,000 to $149,9996%
$150,000 to $199,9998%
$200,000 and over8%

Percentages are of the 390 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$119,980 · minimum here is $34,990
$2,656.23per month
Borrowed before insurance$479,920
Total borrowed$479,920
Interest over 25 years at 4.5%$316,948

If you rented it out

-$3,038.98per month out of pocket
Rent$0.00
Everything it costs to hold$3,038.98
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by HOUSESIGMA INC.. Listing data provided by the Toronto Regional Real Estate Board.