$499,990
Est. payment $2,214/moCalculate yours
53 Madeira Drive, London East, ON N5V 2M3
East, London, ON N5V 2M3
- 3 + 2 Beds
- 2 Baths
- 700 Sq Ft
Listing courtesy of EXP REALTY MLS® X13524376
About this home
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
Overview
- Property Type
- Detached
- Style
- Bungalow
- For
- For Sale
- Status
- Extension
- Size
- 700 sqft
Interior
- Bedrooms
- 3 + 2
- Bathrooms
- 2
- Kitchens
- 2
- Basement
- Separate Entrance
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Shingles
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 53.56 x 133.64 Feet
- Parking
- None garage · 4 total
Financial
- Property Taxes
- $4,090 (2025)
Location
- Neighbourhood
- East
- Cross Street
- On the corner of Beckworth Ave. and Madeira Dr.
- Direction Faces
- East
Listing
- MLS® Number
- X13524376
- Days on Market
- 105
- Listed On
- 2026-07-05
- Possession
- Flexible
- Listed By
- EXP REALTY
Rooms
Features
Interior
- Carpet Free
Pool
- None
Mortgage calculator
Estimated mortgage payment
$2,214 per month
- Principal and interest
- $2,214
- Property tax
- $341
- Condo fees
- $0
- Estimated monthly cost
- $2,555
Your mortgage
- Mortgage amount
- $399,992
- Mortgage insurance
- Not needed
- Interest over 25 years
- $264,162
Cash to close
- Down payment
- $99,998
- Land transfer tax
- $6,475
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $106,473
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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