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For sale
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$779,999

Est. $3,654/mo mortgage

5bd·3ba·700-1,100sqft

159 Montebello Drive · London East, N5W 1S1

MLS® X13535068

79 days on market79 days on market

Listed Jul 7, 2026

Listing courtesy of Homelife/miracle Realty LTD·Updated Jul 31

Description

Detached house with LEGAL BASEMENT APARTMENT, 3-bedroom situated on a (60X125) extra large premium lot with 1724 sq ft of living area. This home stands out with incredible future potential, the expansive front and side yard offers the possibilities to explore an additional dwelling units in the future, making it a forward thinking investment in rapidly growing market. Full Of Natural Light featuring a fully permitted, 2-bedroom legal basement suite with 2 washroom. Perfect for house hacking or a strong addition to your rental portfolio significantly help with mortgage payments. The lower level features its own separate entrance, private laundry, and strong income potential. The main floor flows easily from the bright living room through to the kitchen. This Home has been freshly painted with new flooring, new furnace 2024 and hot water tank 2025 (owned) with 200 Amp upgraded electrical panel. Walking distance to all amenities. Close to top-rated schools, parks, major transit hubs and quick access for any commuter, it's all close by. A lovely, generous side and front yard with room to garden, gather, or simply breathe. And just steps from your front door, beautiful trail network is waiting, the perfect way to start or end your day. But once you're home, you won't want to be anywhere else. TWO BEDROOM DWELLING UNIT(REGISTERED LEGAL BASEMENT)

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Property details

Interior

Interior
700-1100 sqft
Rooms
9 rooms · 2 kitchens
Bathrooms
1 × 3-piece on Main, 1 × 3-piece on Basement, 1 × 2-piece on Basement
Basement
Apartment, Separate Entrance
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, Bungalow
Lot size
125 × 60 ft
Exterior
Brick
Foundation
Other
Roof
Unknown
Water & sewer
Sewer

Parking

Driveway
Private Double (5 spaces)
Parking
5 spaces

Fees & taxes

Property tax
$4,249/yr (2025)

Location & neighbourhood

Directions
London East

London East, ON

Monthly paymentest. $4,536/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$3,654
Property tax$470
Insurance (est.)$162
Utilities (est.)$250
Total monthly$4,536
Land transfer tax$12,075 on closing

Ontario LTT

$12,075

First-time rebate

$4,000

First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.

Price & listing history

$779,999

Listed Jul 7, 2026

On the market

Sold comparables nearby

50 Glass Avenue, London EastSold

50 Glass Avenue, London East

4 bd·2 ba·1,500-2,000 sqft
48 Heather Crescent, London EastSold

48 Heather Crescent, London East

4 bd·2 ba·700-1,100 sqft

See what these 6 homes sold for

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Market conditionsBalanced market in London East

Homes here are selling close to asking. Based on 6 sales in the last 90 days, at an average of 98.6% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$482,667

Sale-to-list ratio

98.6%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $190,000 household income

Minimum household income required

$190,000

Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.

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Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

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