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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

For sale
1 / 32
5Beds
3Baths
700-1,100Sqft
Year Built

Listing price

$779,999

Est. $3,715/mo

Days on market

2

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

$429,000Below Market
$375,058$478,000

81% confidence · 35 sold homes within 2 km, by price per sq ft

Location & neighbourhood

East O

London East, ON

Monthly payment estimate

Mortgage (5.24%, 25yr)$3,715
Property tax$845
Insurance (est.)$162
Utilities (est.)$250
Total monthly$4,972

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

Jul 7, 2026Listed
$779,999

Sold comparables nearby

50 Glass Avenue, London EastSold

$525,000

50 Glass Avenue, London East

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

$429,000

48 Heather Crescent, London East

4 bd·2 ba·700-1,100 sqft

See all 10 comparables

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Market conditions · East O

Buyer's marketBalancedSeller's market

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

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Peak
Good
Average

Affordability

Minimum household income required

$186,447

Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.

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AI estimate

$429,000

Below Market

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