354 SPRUCE STREET Active Save Request In-Person Tour Request Virtual Tour
London,ON N5W4N7
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,099 sqft
Price per Sqft $618
Subdivision East H
MLS Listing ID X9056488
Bedrooms 5
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 offering three total rental units. 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 (around $62,000 of annual rent income possible). Presently the main level three bedroom unit is rented at $2074 a month plus utilities; and $1529 a month for the garden suite inclusive of utilities. Currently the upper spacious studio unit is vacant making this a perfect mortage helper property for the owner to reside in one unit and collect rental income from the other two units. Rented this unit upper unit is expected to rent for $1549 plus utilities. 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 furnace in 2024 for the main duplex property, new plumbing and electrical throughout, energy efficient windows, brand new kitchens (with gas stoves), brand new redone bathrooms with luxury tile, and stainless steel appliances. With increased possibilities with residential properties being allowed up to a total of four residential units in the City of London, it is possible that with the large lot sixe and dpeth of over 250 feet on the lot; the future potential to add a fourth ADU (additional dwelling unit) on the property could be possible. This is not one to miss, such a unique property with all these features rarely comes on the market. (id:24570)
Location
Province ON
Rooms
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 Baseboard heaters
Cooling Central air conditioning
Exterior
Parking Features No
Community Features School Bus,Community Centre
View Y/N No
Total Parking Spaces 3
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Others
Virtual Tour https://view.ricoh360.com/d108407f-f9ef-4da7-9f99-c4942f28aa77