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.
5 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $714 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 159 Montebello Dr
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
700-1100 sq ftas stated on the listing
Parking
5 spaces
Basement
Apartment, Separate Entrance
Features & systems
Parking & garage
Parking spaces
5
Interior
Basement
Apartment · Separate Entrance
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
159 Montebello Dr Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14156692$499,999
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 159 Montebello Dr Compares to the London Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,456
/mo
based on the purchase price of $499,999
$100,000 cash
$399,999 financed
$336,904 total interest
Principal54%$399,999
Interest46%$336,904
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in London
Other 4–5 bed homes for sale in London around $500K.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.2%On average, homes sold below asking.
Active listings2,350Homes for sale here right now.
Median vs prior 90 days−0.9%Compared with May 10 – Aug 8, 2026: prices down.
Based on 1,700 sales from Aug 8 – Nov 6, 2026 (1,520 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 159 Montebello Dr
How much is 159 Montebello Dr listed for?
159 Montebello Dr is listed at $499,999 (MLS® X14156692). Summitly updates the price as soon as the MLS® record changes.
Is $499,999 a good price for 159 Montebello Dr?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in London. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 159 Montebello Dr changed?
No — 159 Montebello Dr is still listed at its original asking price of $499,999.
How many bedrooms and bathrooms does 159 Montebello Dr have?
159 Montebello Dr has 5 bedrooms and 2 bathrooms, with about 700–1,100 square feet of living space. It is a detached home in London.
How much would the monthly mortgage be on 159 Montebello Dr?
About $2,456 a month — principal and interest on $499,999 with 20% down ($100,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 159 Montebello Dr compare with other homes in London?
Its asking price of $499,999 is about 11% below the median sold price in London over the last 90 days, $560,000, across 1,700 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 159 Montebello Dr been sold before?
Summitly has no earlier MLS® sale or lease of 159 Montebello Dr on record from the last two years. Older records aren't shown under TRREB rules.
Where is 159 Montebello Dr?
159 Montebello Dr is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 159 Montebello Dr been on the market?
159 Montebello Dr was listed today (November 6, 2026).
What is the price per square foot of 159 Montebello Dr?
About $455 to $714 per square foot: the asking price of $499,999 over the 700–1,100 sq ft the listing gives as its size range.
Does 159 Montebello Dr have parking or a garage?
Yes — the listing gives 5 parking spaces.
Does 159 Montebello Dr have a basement, and is it finished?
The listing describes the basement as: Apartment, Separate Entrance.
