Homes for Sale in London, Ontario
159 Montebello Drive
London East, N5W 1S1·MLS® X13535068·
Listing courtesy of Homelife/miracle Realty LTD·Updated 3 hours ago
Listing price
$779,999
Est. $3,715/mo
Days on market
Listed Jul 7, 2026
Description
Unlock your portfolio's potential with this rare detached 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.
Property details
Basement
Apartment, Separate Entrance
Parking
5 spaces
Type
Detached — Bungalow
Heating
Forced Air
AI property estimate
81% confidence · 35 sold homes within 2 km, by price per sq ft
Monthly payment estimate
Land transfer tax
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
Sold comparables nearby
Sold$525,000
50 Glass Avenue, London East
Sold$429,000
48 Heather Crescent, London East
See all 10 comparables
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Market conditions · East O
Avg. sold price
$682,400
+5.2%
Avg. days on market
18
−3d
Sale-to-list ratio
101.2%
+0.8%
Investment analysis
Est. monthly rent
$3,120
Rental yield
4.8%
Est. cash flow
-$1,852
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$186,447
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$429,000
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