354 Spruce Street, London East

Bedrooms: 5
Bathrooms: 3
Added: 2 months ago
Updated: 2 weeks ago
Last Checked: 1 day ago
Listed by: EXP REALTY
View All Photos

Listing description
This Other at 354 Spruce Street London East, ON with the MLS Number x12219905 listed by NATHAN BLANCO - EXP REALTY on the London East market 2 months ago at $688,800.

On a beautiful quiet treed street, sits this newly renovated historic charmer multi-unit property; only a street over from the beautiful spacious Kiwanis park. The location is also good for transit access and proximity to all neccessary services. A perfect oppurtunity awaits a new homeowner for an ideal mortgage helper situation as the garden suite ADU unit that sits independent of the main structure duplex is set to be vacant for September 1st, 2025. 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 with nearly $64,000 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, and stainless steel appliances. 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 $2399 a month (with new lease signed to existing tenants as of June 1st, 2025); the upper unit is rented at $1400 a month (effective as of March 15th, 2025) and the garden suite unit is currently rented at $1529 a month, however will be vacant as of September 1st, 2025 through natural turnover from a tenant that loved their time in this location. This property operating at a 8%+ Cap Rate at asking price! (id:1945)

Property Details Key information about 354 Spruce Street

Cooling: Ventilation system
Heating:
- Forced air
- Natural gas
Structure Type: Triplex
Exterior Features: Vinyl siding

Interior Features Discover the interior design and amenities

Basement:
- Unfinished
- Walk-up
- N/A
Appliances:
- Refrigerator
- Water meter
- Stove
- Range
- Dryer
- Two Washers

Exterior & Lot Features Learn about the exterior and lot specifics of 354 Spruce Street

Water Source: Municipal water
Parking Features: No Garage
Lot Size Dimensions: 40 x 233 FT

Utilities & Systems Review utilities and system installations

Sewer: Sanitary sewer

This listing content provided by REALTOR.ca has been licensed by REALTOR®
members of The Canadian Real Estate Association

Nearby Listings Stat Estimated price and comparable properties near 354 Spruce Street

Active listings

Min Price

$415,000

Max Price

$699,000

Avg Price

$559,083

Days on Market

59 days

Sold listings

Min Sold Price

$499,900

Max Sold Price

$499,900

Avg Sold Price

$499,900

Days until Sold

19 days

Nearby Places Nearby schools and amenities around 354 Spruce Street

Fanshawe College - London Campus (2 km)
1001 Fanshawe College Blvd, London

London District Christian Secondary School (3 km)
24 Braesyde Ave, London

Knights Inn London (0.6 km)
1739 Dundas St, London

East Side Mario's (1.5 km)
1915 Dundas St, London

Western Fair (2.9 km)
316 Rectory Street, London

Aeolian Hall (2.9 km)
795 Dundas St, London

Dragon Court Restaurant (2.9 km)
931 Oxford St E, London

Price History

Listed

June 13, 2025

by EXP REALTY

For Sale

$688,800

354 Spruce Street, London East

Listing description This Other at 354 Spruce Street London East, ON with the MLS Number x12219905 listed by NATHAN BLANCO - EXP REALTY on the London East market 2 months ago at $688,800.

Nearby Listings Stat Estimated price and comparable properties near 354 Spruce Street

Nearby Places Nearby schools and amenities around 354 Spruce Street

Price History

Similar Other For Sale

Listing description
This Other at 354 Spruce Street London East, ON with the MLS Number x12219905 listed by NATHAN BLANCO - EXP REALTY on the London East market 2 months ago at $688,800.