159 Montebello Drive · London, N5W 1S1
MLS® X14156692
Listing courtesy of Homelife/miracle Realty LTD·Listing last changed 7 hours ago
Key facts
- Property type
- Detached
- Square footage
- 700-1,100 sqft
- Lot size
- 125 × 60 ft
- Parking
- 5 spaces
- Property tax
- $2,500/yr (2025)
Description
LEGAL BASEMENT APARTMENT DETACHED HOUSE, 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). MOTIVATED SELLER.
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Property details
Interior
- Size
- 700-1,100 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, Full, Finished
- 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
- $2,500/yr (2025)
Rooms
Main
- Kitchen
- 8.8 × 13.11 m
- Bedroom 3
- 10.1 × 7.9 m
- Primary Bedroom
- 10.1 × 10.2 m
- Living Room
- 14.4 × 12 m
- Bedroom 2
- 8.8 × 9.8 m
Estimated value range
$475K to $525K
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.
Schools nearbyclosest is Tweedsmuir Public School, 310 m
Elementary
- 5.3
Tweedsmuir Public School
310 m · Grades JK-8
Thames Valley District School Board
- 3.0
St Bernadette Separate School
560 m · Grades JK-8
London District Catholic School Board
- 6.2
Princess AnneFrench Immersion Public School
1.5 km · Grades JK-8
Thames Valley District School Board
Secondary
- 3.8
Clarke Road Secondary School
2.5 km · Grades 9-12
Thames Valley District School Board
- 6.6
École secondaire Gabriel-Dumont
3.0 km · Grades 9-12
Conseil scolaire Viamonde
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. $2,905/mo all in
Monthly payment estimate
Land transfer tax$6,475 on closing
Ontario LTT
$6,475
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 2 times · asking price down 36% from the first ask
Listed today
Listed Jul 7, 2026
Sold comparables nearby
Sold737 North Leaksdale Circle, London South
Sold203 Merlin Crescent, London East
See what these 6 homes sold for
Create a free account to see sold prices and comparable sales.
Market conditionsBalanced market in London
5.8 months of inventory: supply and demand are roughly balanced. Nearby, 6 sales in the last 90 days went for an average of 96.1% of asking.
Avg. sold price
$520,750
Sale-to-list ratio
96.1%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $119,000 household income
Minimum household income required
$119,000
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? Call Colin at (226) 212-5099 or text
Colin Abbot, Broker
Oak and Key Real Estate Brokerage Inc., Brokerage, 490 Melcrest Road, London, ON N6J 3T1, Phone: (226) 212-5099
Not intended to solicit clients already under contract.
Information herein is deemed reliable but not guaranteed. Listing data is provided by the London and St. Thomas Association of REALTORS® through the MLS® System and is updated multiple times daily. All measurements, square footage, taxes, and property details should be independently verified by buyers and their representatives.
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