330 Ridout Street N 2109, London East

$425,000
330 Ridout Street N 2109

$425,000

New
23d
Condo Apartment1 Storey/Apt

330 Ridout Street N 2109, London East

Total Monthly Obligation $2,724

Beds
1
Baths
1
Park
1
Sqft
900-999
DOM
23d
Score
17
Yield
5.2%
Cash on Cash
-9.2%
Cap Rate
2.6%
5Y IRR
8.4%
10Y IRR
9.0%
Property Type-Condo Apartment
MLS® Number-X13842534
Beds-1
Bathrooms-1
Size-900-999 sqft
Listed on site-Sep 30, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-11-15
Taxes-$4,577 (2025)
Maintenance-$428.37/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-THE REALTY FIRM INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete, Stucco (Plaster)
Possession-Contact listing agent for possession timing
Neighbourhood-East K
Title-Residential Condo & Other

No agent assigned

Experience elevated 21st-floor living at Renaissance II with north-facing downtown views overlooking Covent Garden Market and Canada Life Place. The spacious kitchen is a standout feature, with stunning light-toned granite countertops contrasted by rich walnut-toned cabinetry, sleek stainless steel appliances, backsplash, peninsula with breakfast bar and large pantry cabinets. The kitchen flows seamlessly into the dining and living areas, extending to a fully private 75 sq. ft. balcony an ideal spot for enjoying sunsets and outdoor entertaining. The open layout creates an inviting space for gathering with friends and family. Spacious bedroom comfortably accommodates a king-size bed and features a large window, creating a bright and welcoming retreat. The bathroom showcases a vanity with granite countertops and beautifully tiled bathtub surround. Versatile den enclosed by French doors with a frosted privacy film provides a flexible space that easily adapts to your lifestyle, whether used as a guest bedroom, home office, reading lounge or cozy retreat. Additional highlights include engineered hardwood flooring throughout the main living area, den and bedroom, complemented by ceramic tile in the entrance, kitchen and bathroom, plus stylish deck tile on the private balcony. Convenient in-suite laundry and an indoor parking space are all included. Condo fees include heating, cooling & water. Building amenities include a fitness centre, theatre room, billiards lounge, dining room, kitchen, library, outdoor terrace with putting green, guest suite and car washing station. Enjoy the convenience of downtown living with an array of cafes, restaurants, shopping, entertainment, and everyday amenities just steps from your door. This exceptional one-bedroom plus den condo offers the style, space, amenities and downtown lifestyle you've been looking for.

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%
%
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$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$340,000
Land Transfer Taxes$4,975
Legal Fees (Est.)
$
Total cash required for closing$91,475

Total Monthly Obligation

$2,724/mo
Mortgage $1,714
Monthly Loss $2,273
Principal$451
Interest$1,263
Property Tax$381
Condo Fees$428
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.8%11
Cash-on-Cash
-14.1%0
5-Year IRR
4.9%11
10-Year IRR
6.9%
Returns Index
6.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$22,056/yr
NOI
$7,733/yr
Net Cash Flow
-$1,070/mo
Cash Margin
-58.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.383
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo61
Risk Index
27.3/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 330 Ridout Street N 2109

Time

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Data last updated within the past 24 hours.