354 Spruce Street London East, Ontario N5W 4N7
$649,000
Situated on a beautiful quiet treed street, sits this newly renovated historic charmer multi-unit property. The second story addition of a new upper legal unit was just completed with building permit in 2023. Application is also submitted to fully legalize the garden suite unit and assurances can be provided by Seller to ensure this gets legalized for new Buyer. This is the perfect owner occupy mortgage helper, multi-generational home or turnkey investment property (over $66,000 in annual rent income currently).Top to bottom, nearly everything has been redone from new luxury vinyl plank floors throughout, new roofs, a new on demand high efficiency hot water heater system, new plumbing and electrical throughout, energy efficient windows, brand new kitchens (with gas stoves), brand new redone bathrooms with luxury tile, stainless steel appliances, and a brand new heat pump / AC system to be installed prior to closing. This is not one to miss, such a unique property with all these features rarely comes on the market. Presently the main level three bedroom unit is rented at $2074 a month; the upper unit is rented at $1400 a month (effective as of March 15th, 2025) and the garden suite unit is rented at $1529 a month; with the tenants covering all the properties utilities, with only the manageble gas bill being the owner's responsibility presently. As a bonus a contract is in place to lease the space in the basement until end of 2025 brining in an additional $640 montly. This property is at an 8%+ Cap Rate at asking price! (id:53488)
Property Details
| MLS® Number | X12219905 |
| Property Type | Multi-family |
| Community Name | East H |
| Amenities Near By | Public Transit, Park, Schools |
| Community Features | Community Centre, School Bus |
| Equipment Type | Water Heater - Tankless |
| Features | Flat Site, In-law Suite |
| Parking Space Total | 3 |
| Rental Equipment Type | Water Heater - Tankless |
| Structure | Deck, Patio(s), Porch |
| View Type | City View |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 4 |
| Bedrooms Total | 4 |
| Age | 100+ Years |
| Amenities | Separate Heating Controls |
| Appliances | Water Meter, Dryer, Range, Stove, Two Washers, Refrigerator |
| Basement Development | Unfinished |
| Basement Features | Walk-up |
| Basement Type | N/a (unfinished) |
| Construction Status | Insulation Upgraded |
| Cooling Type | Ventilation System |
| Exterior Finish | Vinyl Siding |
| Fire Protection | Smoke Detectors |
| Foundation Type | Block, Slab |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,100 - 1,500 Ft2 |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Fence Type | Fully Fenced, Fenced Yard |
| Land Amenities | Public Transit, Park, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 233 Ft |
| Size Frontage | 40 Ft |
| Size Irregular | 40 X 233 Ft |
| Size Total Text | 40 X 233 Ft|under 1/2 Acre |
| Zoning Description | R2-3 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bathroom | 1.75 m | 2.03 m | 1.75 m x 2.03 m |
| Second Level | Bedroom | 3.25 m | 8.84 m | 3.25 m x 8.84 m |
| Second Level | Kitchen | 3.05 m | 4.32 m | 3.05 m x 4.32 m |
| Basement | Utility Room | 4.7 m | 5.41 m | 4.7 m x 5.41 m |
| Main Level | Foyer | 1.47 m | 2.82 m | 1.47 m x 2.82 m |
| Main Level | Bedroom | 4.01 m | 2.9 m | 4.01 m x 2.9 m |
| Main Level | Living Room | 2.9 m | 4.27 m | 2.9 m x 4.27 m |
| Main Level | Bedroom 2 | 2.69 m | 3 m | 2.69 m x 3 m |
| Main Level | Bedroom 3 | 2.74 m | 2.92 m | 2.74 m x 2.92 m |
| Main Level | Study | 1.37 m | 1.07 m | 1.37 m x 1.07 m |
| Main Level | Bathroom | 2.59 m | 1.63 m | 2.59 m x 1.63 m |
| Main Level | Kitchen | 5.13 m | 3 m | 5.13 m x 3 m |
| Ground Level | Kitchen | 4.37 m | 2.54 m | 4.37 m x 2.54 m |
| Ground Level | Living Room | 2.67 m | 2.24 m | 2.67 m x 2.24 m |
| Ground Level | Bathroom | 1.6 m | 2.24 m | 1.6 m x 2.24 m |
Utilities
| Cable | Available |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/28466981/354-spruce-street-london-east-east-h-east-h
Contact Us
Contact us for more information
Nathan Blanco
Salesperson
nathanblanco.exprealty.com/
www.facebook.com/nblanco20
(866) 530-7737
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
July 02 2025 12:51:34
London and St. Thomas Association of REALTORS®
Exp Realty
Contact Melanie & Shelby Pearce
Sales Representative for Royal Lepage Triland Realty, Brokerage
YOUR LONDON, ONTARIO REALTOR®
Melanie Pearce
Phone: 226-268-9880
You can rely on us to be a realtor who will advocate for you and strive to get you what you want. Reach out to us today- We're excited to hear from you!
Shelby Pearce
Phone: 519-639-0228
CALL . TEXT . EMAIL
Important Links
MELANIE PEARCE
Sales Representative for Royal Lepage Triland Realty, Brokerage
© 2023 Melanie Pearce- All rights reserved | Made with ❤️ by Jet Branding