$ 499,990

53 Madeira Drive, London East

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! (id:1945)
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Property details for 53 Madeira Drive, London East

Type
Residential
Style
Bungalow
Bedrooms
5
Bathrooms
2
Lot Size
53.6 x 133.6 FT
Stories
1
Basement
Separate entrance, N/A
Parking
No Garage
Heating
Forced air, Natural gas
Cooling
Central air conditioning
Exterior
Brick
Ownership
Freehold
Annual Taxes
$4,090

Nearby Listings Stat

Estimated price and comparable properties near 53 Madeira Drive

Active Listings
11
Min Price
$390,000
Max Price
$812,000
Avg Price
$521,272
Days on Market
54
days
Sold Listings
4
Min Sold Price
$449,900
Max Sold Price
$687,200
Avg Sold Price
$558,000
Days until Sold
69
days

Neighbourhood Census Data

London, Ontario

Population
775
Median Age
28.5
Median Income
$20,736
Dwelling Value
$219,637

Housing Tenure

Owners 43%
Renters 57%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 2.5
Pop. Density: 606.7/km²
Avg Shelter Cost: $1,098/mo
Owners with Mortgage: 62.1%
Owners Spending 30%+: 20%
Tenants Spending 30%+: 52.6%
English only: 92.9%
English and French: 3.2%
Neither: 3.2%
Median Household Income: $43,008
Median Employment Income: $20,352

Price History

Listed
July 5, 2026
by EXP REALTY
Current Price
$499,990
+11.4% from last change
Type
Residential
For Sale
Price Changes
1
Date Price Change
Current $499,990 +$50,990 (+11.4%)
Jul 31, 2026 $449,000 Listed

Contact Agent Get in touch about 53 Madeira Drive, London East

HIMANSHU KAKKAR
EXP REALTY