- Bedrooms
- 3+1
- Bathrooms
- 3
- Size
- 1,500–2,000sq ft
- Per sq ft
- $343at the range’s middle
- Lot
- Under 0.50 acres
- Tax a year
- $4,0062025 tax year
- Built
- 31-50
- Parking
- 31 attached
- Days on market
- Members
The brief
About 242 Colette Dr
242 Colette Dr is a 3+1-bedroom, 3-bathroom detached house in South X, London South, listed for sale at an asking price of $599,900 (MLS® X14118118).
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.
Insights
Condition Score
Good68/1006 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Near break-even53/100−$221/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 23 detached homes with 4 bedrooms for lease in London South right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $4,006 / 2025
- MLS® number
- X14118118
- Board
- TRREB MLS®
- Property Type
- Detached
- Building Age
- 31-50
- Days on market
- Size
- 1500-2000 sqft
- Lot Size
- 45.57 x 98.74 ft
- Listed on
- Parking
- 1 Attached, 3 Parking
Property details
Property
- Property Type
- Detached
- Style
- 2-Storey
- Community
- South X
- Municipality
- London South
Building
- Size
- 1500-2000 sqft
- Building Age
- 31-50
- Construction
- Brick
Inside
- Bedrooms
- 3+1
- Bathrooms
- 3
- Bathroom Details
- 1 × 4pc 2nd, 1 × 2pc Main, 1 × 3pc Bsmt
- Basement Type
- Finished
- Kitchens
- 1
Parking
- Driveway
- Front Yard
- Garage Type
- Attached
- Garage
- 1
- Additional Parking
- 2
- Total Parking
- 3
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 45.57 ft
- Depth
- 98.74 ft
- Lot Size
- 45.57 x 98.74 ft
Additional
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Fireplace
- Yes
- Pool
- None
- Den
- No
- Family room
- No
- Extras
- 2 STOVE , 2 REFRIGERATOR, WASHER AND DRYER
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 4.62 × 3.56 m | — | Main |
| Dining | 3.9 × 3.56 m | — | Main |
| Kitchen | 4.33 × 3.92 m | — | Main |
| Primary | 4.14 × 4.42 m | — | 2nd |
| 2nd Br | 3.9 × 3.68 m | — | 2nd |
| 3rd Br | 4.14 × 2.77 m | — | 2nd |
| 4th Br | 2.83 × 3.84 m | — | Bsmt |
| Rec | 4.38 × 4.51 m | — | Bsmt |
| Kitchen | 1.4 × 5.81 m | — | Bsmt |
| Bathroom | 1.49 × 1.55 m | 2 Pc Bath | Main |
| Bathroom | 2.49 × 2.86 m | 5 Pc Bath | 2nd |
| Bathroom | 1.55 × 1.85 m | 3 Pc Bath | Bsmt |
Listing history
Buy/sell history for 242 Colette Dr, London South, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $599,900 | N/A | For Sale | X14118118 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $119,980
- Total mortgage amount
- $479,920
- Total interest payment
- $341,180
- Total purchase cost
- $941,080
- Mortgage payment
- $2,737/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
26%Monthly carrying cost
$3,071- Rent $2,850
- Shortfall $221
Rental income opens at $2,850, the median asking rent of 23 comparable homes for lease in London South. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $8,473
- Total land transfer tax
- $8,473
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $4,473
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $599,900
- $3,998
- Ontario total
- $8,473
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 4,500 sq ft418 m²
- Street frontage
- 45.57 ft13.9 m
- Depth
- 98.74 ft30.1 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by GeoWarehouse.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- No mapped wetland within 120 m120 m
- 1 water-supply well recorded within 250 mIt was drilled for domestic use; 1 test or monitoring hole also recorded. From Ontario’s well records; locations can be approximate. The records do not show how this home gets its water. Wells nearby typically go down about 8.8 m.250 m
- Groundwater recorded about 6.1 m below ground nearbyThe middle water level in the well records within 500 m (18 records). It changes with the season and from spot to spot.500 m
Province of Ontario open data
Planning and building activity1
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
Province of Ontario open data
Around the home1
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 1 facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Cloverdale Paint Inc. — KELCOATINGS LIMITED, 830 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by London Hydro Inc.At the address
- Wired internet 50/10 Mbps or faster is listed at a household 50 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (50 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.50 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Rogers, Start Communications. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Execulink, Falcon Internet Services, Rogers, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Upper Thames River Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
The market
Detached homes for sale in South X right now
- For sale now
- 26
- Median asking price
- $549K
- New in 7 days
- 4
- Price cuts
- 35%
Middle half: $500K to $582K
12 in 28 days
9 listings
This home is asking 9% above the median, higher than three quarters of them.
See all homes in South XAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Ashley Oaks Public SchoolThames Valley DSB | Public · grades JK–8 | 250 m | 57%Grade 6 average |
| Sir Arthur Carty Separate SchoolLondon District Catholic School Board | Catholic · grades JK–8 | 300 m | 74%Grade 6 average |
| Cleardale Public SchoolThames Valley DSB | Public · grades JK–8 | 750 m | 68%Grade 6 average |
| École élémentaire catholique Frère AndréConseil scolaire catholique Providence | French-language Catholic · grades JK–6 | 4 km | 85%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Sir Wilfrid Laurier Secondary SchoolThames Valley DSB | Public · grades 9–12 · French Immersion | 3.1 km | 51%Grade 9 math |
| London South Collegiate InstituteThames Valley DSB | Public · grades 9–12 · French Immersion | 3.4 km | 49%Grade 9 math |
| Catholic Central High SchoolLondon District Catholic School Board | Catholic · grades 9–12 | 5.4 km | 57%Grade 9 math |
| École secondaire Gabriel-DumontConseil scolaire Viamonde | French-language public · grades 9–12 | 6 km | 77%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in South X are shown to signed-in members.