53 Madeira Drive
London East, N5V 2M3·MLS® X13524376·
Listing courtesy of Exp Realty·Updated 5 hours ago
Listing price
$449,000
Est. $2,138/mo
Days on market
Listed Jul 5, 2026
Description
Welcome to this beautifully maintained 3+2 bedroom home, perfectly located in a quiet, family-friendly neighbourhood just minutes from Fanshawe College and all major amenities. Enjoy the large corner lot, featuring a composite front deck, spacious concrete patio, parking for 4 cars, and a large storage shed. A bus stop right outside the property adds unmatched convenience for students, commuters, or tenants alike! Step inside to find a bright and inviting interior, freshly painted in most areas, with a well-planned layout offering a comfortable main floor living area, a second kitchen in the basement, and a washroom on each level - perfect for extended family or potential rental income. Recent updates completed in 2025 include new vinyl flooring throughout the main floor, a new heat pump, a new furnace, a new washer, a new stove, and a new backdoor providing direct access to the basement, enhancing comfort and convenience. The property is currently tenanted, and the tenants are flexible - they can stay for steady rental income or vacate for your personal use, giving you options from day one. Safety and convenience have been thoughtfully included with egress windows in the basement and a sprinkler system in the furnace room.Whether you're looking for a move-in ready family home or a turnkey investment property, this one truly has it all!
Property details
Basement
Separate Entrance
Parking
4 spaces
Type
Detached — Bungalow
Heating
Forced Air
AI property estimate
82% confidence · 4 comparable sales analysed
Monthly payment estimate
Land transfer tax
Ontario LTT
$5,455
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Sold comparables nearby
Sold$380,000
65 Tewksbury Crescent, London East
Sold$430,000
1026 Chippewa Drive, London East
See all 10 comparables
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Market conditions · East D
Avg. sold price
$682,400
+5.2%
Avg. days on market
18
−3d
Sale-to-list ratio
101.2%
+0.8%
Investment analysis
Est. monthly rent
$1,796
Rental yield
4.8%
Est. cash flow
-$1,173
Cap rate
3.2%
Best time to sell
Affordability
Minimum household income required
$111,333
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$431,040
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