$499,999

For saleJust listed

159 Montebello Drive, London East (East O) - Single Family for Sale

159 Montebello Drive, London East (East O), Ontario, N5W1S1

5 beds3 baths5 parking900 ft²125 × 60 ft (7,500 sq ft) lot sizeListed Today

Overview

This 5-bedroom, 3-bathroom home in London East is for sale offering roughly 900 sq ft of space. Listed at $499,999, it is attractively priced about 9% below the $549,900 median asking price in London East. It has been on the market 0 days, fresher than the London East average of 48 days.

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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. (id:66096)

Property Details

MLS®: X14156692
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 5
Interior Size: 900 ft²
Lot Size: 125 × 60 ft (7,500 sq ft)
Frontage: 125 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Full, Apartment in basement, Separate entrance, N/A, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Carport, No Garage
Ownership: Freehold

Rooms

Main level

Living room: 14.4 x 12 meters
Kitchen: 8.8 x 13.11 meters
Primary Bedroom: 10.1 x 10.2 meters
Bedroom 2: 8.8 x 9.8 meters
Bedroom 3: 10.1 x 7.9 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Dryer, Two stoves, Window Coverings, Two Refrigerators
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

London East (East O) listings, avg age

48d

Price / ft²

$556

List price

$500K

Haho

This 5-bed single family in London East (East O) has been listed for 0 days, which is 48 days fresher than the city average of 48. Act while there is still low competition.

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Listed by HOMELIFE/MIRACLE REALTY LTD · RAJAN SHARMA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5W)

This home lists at $499,999, about 7.8× the local median household income of $64,500.

Carrying it typically needs a household income of about $97,667 (20% down, 25-yr amortization, stress-tested) — roughly 51% above the area median.

Median household income: $64,500
Population: 24,740
Median age: 40.4
Owner / renter: 59% / 41%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA N5W)

$499,999· $556/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,999.95

Min 5%50%

Mortgage payment$2,633/mo

↳ CMHC premium ($19,000 capitalized)

Property tax (est.)$208/mo

Total monthly$2,842

Cash Needed to Close

Down payment (5%)$25,000

Land transfer tax$6,475

Est. closing costs$4,000

Total cash needed$35,475

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