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$499,990
London East
53 Madeira Drive, London East (East D), Ontario, N5V2M3
This 5-bedroom, 2-bathroom home in London East is for sale offering roughly 900 sq ft of space. Listed at $499,990, it is attractively priced about 8% below the $542,900 median asking price in London East. It has been on the market 6 days, fresher than the London East average of 42 days.
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. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Just listed: 6 days on market, against an average age of 42 days across the listings currently for sale in this city
This 5-bed single family in London East (East D) has been listed for 6 days, which is 36 days fresher than the city average of 42. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $499,990, about 6.7× the local median household income of $74,500.
Carrying it typically needs a household income of about $97,666 (20% down, 25-yr amortization, stress-tested) — roughly 31% above the area median.
Source: Statistics Canada, 2021 Census (FSA N5V)
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Loading rates, 30-yr amortization
Cash Needed to Close
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