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53 Madeira Drive

London East, N5V 2M3·MLS® X13524376·

Listing courtesy of Exp Realty·Updated 5 hours ago

For sale
1 / 15
3Beds
2Baths
700-1,100Sqft
Year Built

Listing price

$449,000

Est. $2,138/mo

Days on market

1

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

$431,040Below Market
$404,100$457,980

82% confidence · 4 comparable sales analysed

Location & neighbourhood

East D

London East, ON

Monthly payment estimate

Mortgage (5.24%, 25yr)$2,138
Property tax$486
Insurance (est.)$94
Utilities (est.)$250
Total monthly$2,969

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

Jul 5, 2026Listed
$449,000

Sold comparables nearby

65 Tewksbury Crescent, London EastSold

$380,000

65 Tewksbury Crescent, London East

3 bd·1 ba·700-1,100 sqft
1026 Chippewa Drive, London EastSold

$430,000

1026 Chippewa Drive, London East

3 bd·2 ba·700-1,100 sqft

See all 10 comparables

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Market conditions · East D

Buyer's marketBalancedSeller's market

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

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Peak
Good
Average

Affordability

Minimum household income required

$111,333

Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.

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AI estimate

$431,040

Below Market

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