53 MADEIRA DRIVE, London East (East D)
$499,990
For sale: Detached
- Property type
- Detached
- Bedrooms / bathrooms
- 5 bedrooms, 2 bathrooms
- Living area
- 1,100 sqft
- MLS®
- MLS® X14130652
- Neighbourhood
- East D
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.
Sold data
Homes in East D — recent sold market
Homes in East D took a median of 24 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 42, across 31 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 42 days.
The median sale price was $519,000.
Homes sold for about 2.5% below asking on average, so there was room to negotiate.
About 19% of sales closed above the list price.
Around 19% of sellers reduced their price before finding a buyer.
- Median days to sell
- 24
- Median sale price
- $519,000
- Sale-to-list ratio
- 97.5%
- Sold above asking
- 19%
Based on 31 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in London East (East D)
London East (East D) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.
- Rated schools
- 116
- Elementary
- 97
- Secondary
- 19
- Average rating
- 5.5 / 10
Top-rated schools in London East (East D)
- John Dearness — elementary, LondonFraser rating 9.8/10
- St George — elementary, LondonFraser rating 9.1/10
- Jack Chambers — elementary, LondonFraser rating 8.8/10
- Sir Arthur Currie — elementary, LondonFraser rating 8.8/10
- London Central — secondary, LondonFraser rating 8.7/10
- Ryerson — elementary, LondonFraser rating 8.7/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 53 MADEIRA DRIVE
$529,900
Detached5+121,100–1,500 sqft128 MOUNT PLEASANT AVENUE, North N, London North
$599,000
Detached5+22700–1,100 sqft1247 KALADAR DRIVE, East D, London East
$579,000
Detached5+22700–1,100 sqft1506 RUSHLAND AVENUE, East H, London East
$514,900
Detached42700–1,100 sqft473 MORNINGTON AVENUE, East G, London East
$475,000
Detached6+32700–1,100 sqft38 TEWSKBURY CRESCENT, East D, London East
$499,000
Detached4+12700–1,100 sqft53 LYSANDA AVENUE, South T, London South
$479,900
Detached421,100–1,500 sqft142 WOODWARD AVENUE, North N, London North
$479,900
Detached4+12700–1,100 sqft67 JASPER CRESCENT, East O, London East