242 Colette Drive · London, N6E 3S8
MLS® X14118118
Listed Oct 23, 2026
Listing courtesy of Right At Home Realty·Listing last changed 8 hours ago
Key facts
- Property type
- Detached
- Square footage
- 1,500-2,000 sqft
- Lot size
- 45.57 × 98.74 ft · < 0.50 acres
- Age
- 31-50 years
- Parking
- 3 spaces
- Property tax
- $4,006/yr (2025)
Description
Welcome to your forever home! This charming two-storey detached residence offers excellent income potential with a fully finished basement featuring a second kitchen, all while being ideally located in a quiet, family-friendly neighbourhood backing directly onto Ashley Oaks Park for rare privacy and peaceful green-space views.The main floor features a spacious and inviting living room, perfect for family gatherings, along with a bright kitchen with tiled flooring and a dining area overlooking the backyard. Freshly painted interiors and tasteful artistic accents throughout the home add warmth and character. Upstairs, you'll find three comfortable bedrooms and a well-appointed 5-piecebathroom with a convenient linen closet.The fully finished lower level with a second kitchen provides a flexible layout ideal forrental income, in-law living, or multi-generational families. This space can easily function asa private living area, recreation room, or home office, offering endless possibilities. Step outside to a private backyard deck, perfect for BBQs and outdoor entertaining, while enjoying the tranquil park-side setting. Conveniently located close to Sir Arthur Carty Catholic School, Ashley Oak Public School, White Oaks Mall, parks, and with quick access to Highway 401, this home combines comfort, versatility, and outstanding value.
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Property details
Interior
- Size
- 1,500-2,000 sqft
- Bedrooms
- 3 above grade, 1 lower level
- Rooms
- 7 rooms
- Bathrooms
- 1 × 4-piece on Second, 1 × 2-piece on Main, 1 × 3-piece on Basement
- Basement
- Finished
- Heating
- Forced Air
- Cooling
- Central Air
Building & lot
- Type
- Detached, 2-Storey
- Age
- 31-50 years
- Lot size
- 45.57 × 98.74 ft · < 0.50 acres
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Water & sewer
- Sewer
Parking
- Garage
- 1 car Attached
- Driveway
- Front Yard Parking (2 spaces)
- Parking
- 3 spaces
Fees & taxes
- Property tax
- $4,006/yr (2025)
Rooms
Main
- Living Room
- 3.56 × 4.62 m
- Dining Room
- 3.56 × 3.9 m
- Kitchen
- 3.92 × 4.33 m
- Bathroom, 2 Pc Bath
- 1.55 × 1.49 m
Second
- Bedroom 2
- 3.68 × 3.9 m
- Bedroom 3
- 2.77 × 4.14 m
- Bathroom, 5 Pc Bath
- 2.86 × 2.49 m
- Primary Bedroom
- 4.42 × 4.14 m
Basement
- Bedroom 4
- 3.84 × 2.83 m
- Bathroom, 3 Pc Bath
- 1.85 × 1.55 m
- Recreation
- 4.51 × 4.38 m
- Kitchen
- 5.81 × 1.4 m
Estimated value range
$570K to $630K
An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.
Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.
Location & neighbourhood
DirectionsLondon South, ON
Large south London neighbourhood anchored by White Oaks Mall with diverse housing and strong transit.
Schools nearbyclosest is Ashley Oaks Public School, 230 m
Elementary
- 3.4
Ashley Oaks Public School
230 m · Grades JK-8
Thames Valley District School Board
- 6.5
Sir Arthur Carty Separate School
320 m · Grades JK-8
London District Catholic School Board
- 5.9
Cleardale Public School
730 m · Grades JK-8
Thames Valley District School Board
Secondary
None within 3 km.
Distances are straight-line from this address. School boards set their own attendance areas and do not publish them, so a school listed here is not a guarantee of placement. Confirm with the board before you rely on it.
Monthly paymentest. $3,519/mo all in
Monthly payment estimate
Land transfer tax$8,473 on closing
Ontario LTT
$8,473
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed Oct 23, 2026
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
Sold comparables nearby
Sold14 Alayne Crescent, London South
Sold28 Country Club Lane, London South
See what these 6 homes sold for
Create a free account to see sold prices and comparable sales.
Market conditionsBuyer’s market in London
6.9 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 95.8% of asking.
Avg. sold price
$594,167
Sale-to-list ratio
95.8%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $145,000 household income
Minimum household income required
$145,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization, this home's listed property tax and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Ask Colin →Rental market$2,500/mo median for 3 bed nearby
$2,500/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 61 leases.
What comparable homes actually leased for, not an estimate of what this one would rent for. Rent depends on condition, finishes and timing in ways this figure cannot see.
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
No obligation. Pick a time that suits you.
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Colin Abbot, Broker, Westwood Realty Team
Oak and Key Real Estate Brokerage Inc., Brokerage, 490 Melcrest Road, London, ON N6J 3T1, Phone: (226) 212-5099
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