$599,995
Available - For Sale
Listing ID: X12219905
354 Spruce Stre , London East, N5W 4N7, Middlesex
| 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! |
| Price | $599,995 |
| Taxes: | $2374.00 |
| Occupancy: | Tenant |
| Address: | 354 Spruce Stre , London East, N5W 4N7, Middlesex |
| Acreage: | < .50 |
| Directions/Cross Streets: | Dundas Street / Wavell Street |
| Rooms: | 15 |
| Rooms +: | 1 |
| Bedrooms: | 5 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Unfinished, Walk-Up |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Foyer | 4.82 | 9.25 | |
| Room 2 | Main | Bedroom | 13.15 | 9.51 | |
| Room 3 | Main | Living Ro | 9.51 | 14.01 | |
| Room 4 | Main | Bedroom 2 | 8.82 | 9.84 | |
| Room 5 | Main | Bedroom 3 | 8.99 | 9.58 | |
| Room 6 | Main | Study | 4.49 | 3.51 | |
| Room 7 | Main | Bathroom | 8.5 | 5.35 | 4 Pc Bath |
| Room 8 | Main | Kitchen | 16.83 | 9.84 | Combined w/Dining |
| Room 9 | Basement | Utility R | 15.42 | 17.74 | |
| Room 10 | Second | Kitchen | 10 | 14.17 | |
| Room 11 | Second | Bathroom | 5.74 | 6.66 | 3 Pc Bath |
| Room 12 | Second | Bedroom | 10.66 | 29 | Combined w/Living |
| Room 13 | Ground | Kitchen | 14.33 | 8.33 | Combined w/Dining |
| Room 14 | Ground | Living Ro | 8.76 | 7.35 | |
| Room 15 | Ground | Bathroom | 5.25 | 7.35 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Main |
| Washroom Type 2 | 3 | Second |
| Washroom Type 3 | 3 | Ground |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 4 | Main |
| Washroom Type 7 | 3 | Second |
| Washroom Type 8 | 3 | Ground |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 4 | Main |
| Washroom Type 12 | 3 | Second |
| Washroom Type 13 | 3 | Ground |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 100+ |
| Property Type: | Triplex |
| Style: | 2-Storey |
| Exterior: | Vinyl Siding |
| Garage Type: | None |
| (Parking/)Drive: | Front Yard |
| Drive Parking Spaces: | 3 |
| Park #1 | |
| Parking Type: | Front Yard |
| Park #2 | |
| Parking Type: | Front Yard |
| Park #3 | |
| Parking Type: | Private |
| Pool: | None |
| Other Structures: | Fence - Full, |
| Approximatly Age: | 100+ |
| Approximatly Square Footage: | 1100-1500 |
| Property Features: | Public Trans, Rec./Commun.Centre |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Elevator Lift: | False |
| Sewers: | Sewer |
| Utilities-Cable: | A |
| Utilities-Hydro: | Y |
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At a Glance:
| Type: | Freehold - Triplex |
| Area: | Middlesex |
| Municipality: | London East |
| Neighbourhood: | East H |
| Style: | 2-Storey |
| Approximate Age: | 100+ |
| Tax: | $2,374 |
| Beds: | 5 |
| Baths: | 3 |
| Fireplace: | N |
| Pool: | None |
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