ON > London East (east H) > East H
London East (east H), ON N5W4N7,354 SPRUCE STREET
London East (east H), ON N5W4N7,354 SPRUCE STREET
London East (east H), ON N5W4N7,354 SPRUCE STREET
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$664,499
Est. payment /mo
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3 Beds
3 Baths
1,100 SqFt
New

354 SPRUCE STREET London East (east H), ON N5W4N7

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Mica Sadler

Mica Sadler

+1(519) 589-3521

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,100 sqft

Price per Sqft $604

Subdivision East H

MLS® Listing ID X12105861

Bedrooms 3

Originating Board London and St. Thomas Association of REALTORS®

Property Description

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:24570)

Location

Province ON

Rooms

Kitchen 3.0

Extra Room 1 Second level 1.75 m X 2.03 m Bathroom

Extra Room 2 Second level 3.25 m X 8.84 m Bedroom

Extra Room 3 Second level 3.05 m X 4.32 m Kitchen

Extra Room 4 Basement 4.7 m X 5.41 m Utility room

Extra Room 5 Main level 1.47 m X 2.82 m Foyer

Extra Room 6 Main level 4.01 m X 2.9 m Bedroom

Interior

Heating Forced air

Cooling Ventilation system

Exterior

Parking Features No

Fence Fully Fenced, Fenced yard

Community Features Community Centre, School Bus

View Y/N Yes

View City view

Total Parking Spaces 3

Private Pool No

Building

Story 2

Sewer Sanitary sewer

Others

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agent

Mica Sadler

Partner | REALTOR®

+1(519) 589-3521

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354 SPRUCE STREET

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