ON > London > East H
London, ON N5W4N7,354 SPRUCE STREET
London, ON N5W4N7,354 SPRUCE STREET
London, ON N5W4N7,354 SPRUCE STREET
London, ON N5W4N7,354 SPRUCE STREET
London, ON N5W4N7,354 SPRUCE STREET
London, ON N5W4N7,354 SPRUCE STREET
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Lynn Boyarski

Lynn Boyarski

+1(236) 473-0315
$ 679,995
Est. payment | /mo

5 Beds

3 Baths

1,099 SqFt

Save Virtual Tour
$ 679,995
Est. payment | /mo
Save Virtual Tour

5 Beds

3 Baths

1,099 SqFt

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

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Listed by EXP REALTY
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(236) 473-0315

lynn@lynnboyarski.ca

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354 SPRUCE STREET