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.
3 bedrooms, 2 bathrooms, about 1,500 sq ft, works out to roughly $400 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 242 Colette Dr
Every detail from the listing, in one place.
Type
Detached
Style
2-Storey
Living space
1500-2000 sq ftas stated on the listing
Parking
3 spacesYes garage
Basement
Finished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
3
Interior
Basement
Finished
Lot & land
Lot size (sqft)
4359.38
Listing & possession
Property style
2-Storey
Property class
Detached
242 Colette 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® X14118118$599,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 242 Colette 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
$2,947
/mo
based on the purchase price of $599,900
$119,980 cash
$479,920 financed
$404,219 total interest
Principal54%$479,920
Interest46%$404,219
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 3–4 bed homes for sale in London around $600K.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.2%On average, homes sold below asking.
Active listings2,497Homes for sale here right now.
Median vs prior 90 days−1.9%Compared with Apr 29 – Jul 28, 2026: prices down.
Based on 1,814 sales from Jul 28 – Oct 26, 2026 (1,476 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 242 Colette Dr
How much is 242 Colette Dr listed for?
242 Colette Dr is listed at $599,900 (MLS® X14118118). Summitly updates the price as soon as the MLS® record changes.
Is $599,900 a good price for 242 Colette Dr?
Summitly rates it Excellent Deal: the asking price is 10% or more below 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 242 Colette Dr changed?
No — 242 Colette Dr is still listed at its original asking price of $599,900.
How many bedrooms and bathrooms does 242 Colette Dr have?
242 Colette Dr has 3 bedrooms and 2 bathrooms, with about 1,500–2,000 square feet of living space. It is a detached home in London.
How much would the monthly mortgage be on 242 Colette Dr?
About $2,947 a month — principal and interest on $599,900 with 20% down ($119,980), 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 242 Colette Dr compare with other homes in London?
Its asking price of $599,900 is about 7% above the median sold price in London over the last 90 days, $558,950, across 1,814 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 242 Colette Dr been sold before?
Summitly has no earlier MLS® sale or lease of 242 Colette Dr on record from the last two years. Older records aren't shown under TRREB rules.
Where is 242 Colette Dr?
242 Colette Dr is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 242 Colette Dr been on the market?
3 days — 242 Colette Dr was listed on October 23, 2026.
What is the price per square foot of 242 Colette Dr?
About $300 to $400 per square foot: the asking price of $599,900 over the 1,500–2,000 sq ft the listing gives as its size range.
Does 242 Colette Dr have parking or a garage?
Yes — the listing gives 3 parking spaces. Garage: Yes.
Does 242 Colette Dr have a basement, and is it finished?
