354 Spruce Street, London | Image 1

354 Spruce Street

London, East H

  • 5 bed 3 bath 1100 sqft
$739,000 est.*: $2,503/mo
For Sale

Added 1 month ago

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  • Type: Triplex

  • Style: 2-Storey

  • Size: 1100 sqft

  • Lot Size: 40 x 233 Feet

  • Age: 100+ years

  • Taxes: $2,485 per year

  • Days on Site: 14 Days

  • Added: Jul 26, 2024 (1 month ago)

  • Updated:

  • Last Checked: 2 hours ago

  • MLS®#: X9056488

  • Listed By: Exp realty

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. This is the perfect owner occupy mortgage helper, multi-generational home or turnkey investment property (over $62,000 annual rent income possible). Presently the main level three bedroom unit is rented at $2074 a month plus utilities; while both the upper level unit and the garden suite units are each generating $1423 a month inclusive of utilites. These two units are set to turn and the projected rent is $1549 for the upper unit and $1595 for the garden suite. There is a rare detatched coach house tucked away in the backyard that provides the perfect work-from-home studio location you have been searching for or just additional income! 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. Seller financing / vendor take back option to aid in the process of downpayment possible for qualified buyers. Dont wait!

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Property

  • Status: Sale

  • Property Type: Triplex

  • Style: 2-Storey

  • Size (sq ft): 1100

  • Age: 100+

  • Area: London

  • Community: East H

  • Availability Date: Flexible

  • Assessment Amount: $170,000

  • Assessment Year: 2024

Inside

  • Bedrooms: 5

  • Bathrooms: 3

  • Kitchens: 3

  • Rooms: 15

  • Den/Family Room: Yes

  • Air Conditioning: Central Air

  • Fireplace: No

  • Laundry Level: Lower

  • Washrooms: 3

Utilities

  • Electricity: Yes

  • Gas: Yes

  • Cable: Available

  • Telephone: Available

Building

  • Basement: Unfinished

  • Basement 2: Walk-Up

  • Heat Type: Baseboard

  • Heat Source: Electric

  • Exterior: Vinyl Siding

  • Elevator: N

  • Energy Certificate: N

  • Green Verification Status: N

  • Water Supply: Municipal

  • Physically Handicapped-Equipped: N

  • Special Designation: Unknown

  • Other Structures: Aux Residences

  • Retirement: N

Parking

  • Driveway: Front Yard

  • Garage Type: None

  • Covered Parking Spaces: 3

  • Total Parking Spaces: 3

Fees

  • Tax Year: 2023

  • Tax Legal Description: PART LOT 3 PLAN 383 AS IN 724264 LONDON/LONDON TOWNSHIP

  • Taxes: $2,485

Highlights

  • Feature: Park

  • Feature: Place Of Worship

  • Feature: Public Transit

  • Feature: Rec Centre

  • Feature: School

  • Feature: School Bus Route

Land

  • Cross Street: Dundas St & Spruce S

  • Municipality District: London

  • Fronting On: East

  • Parcel Number: 081120194

  • Parcel of Tied Land: N

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 233 Feet

  • Lot Frontage: 40 Feet

  • Acres: < .50

  • Zoning: R2-3

Additional Media

  • Virtual Tour: https://view.ricoh360.com/d108407f-f9ef-4da7-9f99-c4942f28aa77
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Very Walkable

  • Most errands can be accomplished on foot.
72 /100

Some Transit

  • Most errands require a car.
45 /100

Very Bikeable

  • Most errands can be accomplished on bike.
72 /100
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Map of 354 Spruce Street, London
JK-8

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