237 Montebello Dr

East O, London, N5W 1S4
FOR SALE
$679,000
237 Montebello Dr, London
237 Montebello Dr
237 Montebello Dr
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237 Montebello Dr
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237 Montebello Dr
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3 + 2
BEDROOMS
3
BATHROOMS
1 + 1
KITCHENS
7 + 5
ROOMS
X9508109
MLSID
Contact Us
Property Description
This is a fantastic investment opportunity! This legal duplex has two fully rented units with AAA tenants, bringing in $3,700 a month. Both units are separately metered and the property has been thoughtfully upgraded, including modern kitchens and bathrooms, making it a great choice for those seeking a turnkey investment. Located on a corner lot in a desirable neighborhood, it's just minutes from Highway 401, parks, and walking trails. With spacious layouts, updated finishes, and a prime location, this duplex is perfect for investors looking for steady income and long term growth potential.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2012-03-12 2012-06-30 109 $172,000 - Expired
2012-07-02 2012-10-03 92 $171,900 - Expired
2020-07-03 2020-07-17 17 $379,900 $380,000 Sold
2014-03-24 2014-05-21 60 $174,900 $171,500 Sold
2011-03-03 2011-05-17 76 $169,900 $165,000 Sold
2023-07-04 2023-09-19 77 $699,000 - Terminated
2023-10-11 2023-12-01 51 $679,900 - Terminated
2023-10-27 2024-01-27 92 $679,900 - Terminated
Property Details
Community
City
Property Type
Duplex, Bungalow
Lot Size
110' x 60'
Acreage
< .50
Lot Irregularities
Corner Lot
Fronting
North
Taxes
$2,827 (2023)
Basement
Apartment, Finished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Electric
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Available
Garage Type
None
Room Summary
RoomLevelSizeFeatures
LivingMain16.67' x 19.59'
KitchenMain8.07' x 14.17'
BrMain11.68' x 13.32'
BrMain10.33' x 10.76'
BrMain9.74' x 11.52'
BathroomMain9.51' x 6.17'3 Pc Bath
KitchenLower9.09' x 12.76'
LivingLower11.52' x 14.67'
BrLower11.32' x 12.60'
BrLower11.15' x 11.75'
BathroomLower7.68' x 9.74'3 Pc Bath
BathroomLower7.41' x 9.32'3 Pc Bath
London Market Statistics
London Price Trend
237 Montebello Dr is a 3-bedroom 3-bathroom home listed for sale at $679,000, which is $47,097 (7.5%) higher than the average sold price of $631,903 in the last 30 days (October 22 - November 20). During the last 30 days the average sold price for a 3 bedroom home in London increased by $2,586 (0.4%) compared to the previous 30 day period (September 22 - October 21) and up $16,503 (2.7%) from the same time one year ago.
Inventory Change
There were 231 3-bedroom homes listed in London over the last 30 days (October 22 - November 20), which is down 15.1% compared with the previous 30 day period (September 22 - October 21) and up 670.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in London typically sold ($12,467) (2.0%) below asking price over the last 30 days (October 22 - November 20), which represents a $139 decrease compared to the previous 30 day period (September 22 - October 21) and ($10,585) less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in London over the last 30 days (October 22 - November 20) stood at 89.6%, up from 75.7% over the previous 30 days (September 22 - October 21) and up from 66.7% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in London stood at 27 days when successfully sold over the last 30 days (October 22 - November 20), compared to 59 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Real Estate Centre Inc.
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