53 Madeira Drive

London East, ONDetached
$499,990
MLS® X13524376
Detached5 beds2 baths4 total
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About This Property

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:63604)

Key Facts

Type
Detached
Beds
5
Baths
2
Size
700 sqft
Lot
53.6 x 133.6 FT
Parking
4 total
Property Details 17 details
Bedrooms
5 bedrooms
3 above grade + 2 below grade
Bathrooms
2 bathrooms
Parking
4 parking spaces
No Garage
Living area
700 - 1,100 sq. ft.
Property
Single Family · Bungalow · Freehold · Detached
Property subtype
Single Family
Structure type
House
Architectural style
Bungalow
Ownership
Freehold
Attached status
Detached
Storeys
1
Basement
Separate entrance
Heating
Forced air, Natural gas
Cooling
Central air conditioning
Fireplace
Yes
Lot dimensions
53.6 x 133.6 FT
Frontage
53.70 feet
Taxes
$4,090.00
Water source
Municipal water
Sewer
Sanitary sewer

Exterior features

BrickPoured Concrete

Lot and water

Carpet Free
Rooms 8 rooms
Level
Room
Dimensions
Main level
Living room
6.17 m x 3.45 m
Main level
Primary Bedroom
4.19 m x 2.74 m
Main level
Kitchen
3.42 m x 3.75 m
Main level
Bedroom 2
3.47 m x 3.04 m
Main level
Bedroom 3
3.47 m x 2.51 m
Basement
Bedroom
5.79 m x 2.94 m
Basement
Bedroom
4.52 m x 2.94 m
Basement
Kitchen
3.88 m x 2.81 m
Mortgage & Affordability Estimate monthly costs
Purchase price$499,990
Down paymentNot available
Mortgage amountNot available
Principal & interestNot available
Property taxesNot available
Condo/HOA feeNot available
Insurance/OtherNot available
UtilitiesNot available
Est. monthly totalNot available
Income needed (GDS 32%)Not available
Estimates only. Not financial advice. Rates, taxes and fees vary by lender and municipality.

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Neighbourhood

Area
East D
City
London East
Postal code
N5V 2M3
Nearby
On the corner of Beckworth Ave. and Madeira Dr.