$499,990
Est. $2,342/mo mortgage
53 Madeira Drive · London East, N5V 2M3
MLS® X13524376
Listed Jul 5, 2026
Listing courtesy of Exp Realty·Updated Jul 31
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!
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Property details
Interior
- Interior
- 700-1100 sqft
- Rooms
- 6 rooms
- Bathrooms
- 2 × 4-piece on Main
- Basement
- Separate Entrance
- Heating
- Forced Air
- Cooling
- Central Air
Building & lot
- Type
- Detached, Bungalow
- Lot size
- 53.56 × 133.64 ft
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Shingles
- Water & sewer
- Sewer
Parking
- Driveway
- Private Double (4 spaces)
- Parking
- 4 spaces
Fees & taxes
- Property tax
- $4,090/yr (2025)
Rooms
Main
- Kitchen
- 3.42 × 3.75 m
- Bedroom 2
- 3.47 × 3.04 m
- Bedroom 3
- 3.47 × 2.51 m
- Living Room
- 6.17 × 3.45 m
- Primary Bedroom
- 4.19 × 2.74 m
Basement
- Bedroom
- 5.79 × 2.94 m
- Bedroom
- 4.52 × 2.94 m
- Kitchen
- 3.88 × 2.81 m
AI property estimate
Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.
76% confidence · 40 sold homes within 2 km, by price per sq ft
Location & neighbourhood
DirectionsLondon East, ON
Large northeast area with schools, parks, and diverse housing near Fanshawe College.
Monthly paymentest. $2,998/mo all in
Monthly payment estimate
Land transfer tax$6,475 on closing
Ontario LTT
$6,475
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed Jul 5, 2026
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
Sold comparables nearby
Sold$597,400
93 Goldwick Crescent, London East
Sold$503,000
107 Susan Avenue, London East
See what these 6 homes sold for
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Market conditionsBalanced market in Huron Heights
Homes here are selling close to asking. Based on 6 sales in the last 90 days, at an average of 100.4% of asking.
Avg. sold price
$578,583
Sale-to-list ratio
100.4%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $124,000 household income
Minimum household income required
$124,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Ask Colin →Rental market$2,475/mo median for 3 bed nearby
$2,475/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 38 leases.
What comparable homes actually leased for, not an estimate of what this one would rent for. Rent depends on condition, finishes and timing in ways this figure cannot see.
Similar Listings
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
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