53 Madeira Drive · London, N5V 2M3
MLS® X14130652
Listing courtesy of Gale Group Realty Brokerage LTD·Listing last changed 13 hours ago
Key facts
- Property type
- Detached
- Square footage
- 700-1,100 sqft
- Lot size
- 53.56 × 133.64 ft
- Parking
- 4 spaces
- Property tax
- $4,090/yr (2025)
Description
Welcome to this beautifully maintained 3+2 bedroom home on a large corner lot in a quiet, family-friendly neighbourhood, just minutes from Fanshawe College, shopping, schools, and major amenities. The exterior features a composite front deck, spacious concrete patio, large storage shed, and parking for up to four vehicles. A bus stop located directly outside the property provides exceptional convenience for students, commuters, and tenants alike.Inside, you'll find a bright and inviting layout with fresh paint throughout most of the home. The functional floor plan offers comfortable main-floor living, a second kitchen in the basement, and a washroom on each level, making it ideal for extended families, multi-generational living, or income potential.Extensive updates completed in 2025 include new vinyl flooring throughout the main floor, new furnace, new heat pump, new washer, new stove, and a new rear entry door providing direct access to the basement. Additional features include egress windows in the basement and a sprinkler system in the furnace room for added safety and peace of mind.Currently tenanted, the property offers flexibility for both investors and end-users. Tenants are willing to remain, providing immediate rental income, or vacate for buyer occupancy. A fantastic opportunity to own a move-in-ready home with excellent investment potential in a highly sought-after location.
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Property details
Interior
- Size
- 700-1,100 sqft
- Bedrooms
- 3 above grade, 2 lower level
- 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
- Primary Bedroom
- 4.19 × 2.74 m
- Bedroom 3
- 3.47 × 2.51 m
- Living Room
- 6.17 × 3.45 m
- Bedroom 2
- 3.47 × 3.04 m
Basement
- Bedroom
- 4.52 × 2.94 m
- Bedroom
- 5.79 × 2.94 m
- Kitchen
- 3.88 × 2.81 m
Estimated value range
$475K to $525K
An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.
Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.
Location & neighbourhood
DirectionsLondon East, ON
Large northeast area with schools, parks, and diverse housing near Fanshawe College.
Schools nearbyclosest is Evelyn Harrison Public School, 260 m
Elementary
- 5.8
Evelyn Harrison Public School
260 m · Grades JK-8
Thames Valley District School Board
- 7.5
École élémentaire catholique Ste-Jeanne-d'Arc
790 m · Grades JK-8
Conseil scolaire de district des écolesCatholique
- 6.0
Chippewa Public School
840 m · Grades JK-8
Thames Valley District School Board
Secondary
Robarts Provincial School for the Deaf
1.5 km · Grades 9-12
Provincial
Robarts/Amethyst Demonstration Secondary School
1.5 km · Grades 9-12
Provincial
- 3.3
John Paul II Catholic Secondary School
1.6 km · Grades 9-12
London District Catholic School Board
Distances are straight-line from this address. School boards set their own attendance areas and do not publish them, so a school listed here is not a guarantee of placement. Confirm with the board before you rely on it.
Monthly paymentest. $3,037/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 yesterday
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
Sold comparables nearby
Sold320 Culver Place, London East
Sold94 Christian's Court, London East
See what these 6 homes sold for
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Market conditionsBuyer’s market in London
6.4 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 96.2% of asking.
Avg. sold price
$508,583
Sale-to-list ratio
96.2%
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, this home's listed property tax and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Call Colin at (226) 212-5099 or text
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 40 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.
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Colin Abbot, Broker
Oak and Key Real Estate Brokerage Inc., Brokerage, 490 Melcrest Road, London, ON N6J 3T1, Phone: (226) 212-5099
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