354 Spruce St

London | East H | N5W 4N7
  • 5
  • 3
  • 0

Ask: $739,900 $688,884

Est. Mtg $2,335 /mo
  • Days on market

    119

  • Status

    Pc

Listing Broker EXP REALTY
Since listed: 2 views

Home details

MLS #:

X9056488

Property type:
Triplex
Style:
2-Storey
Taxes:
$2,485
Possession:
Flexible
Lot Front:
40.0   Feet
Lot Depth:
233.0   Feet
Basement:
Unfinished | Walk-Up
Driveway Pkg:
3
Heat:
Electric | Baseboard

Description


354 Spruce St, , London, Ontario is a Triplex property in London and in the East H community in the N5W 4N7 postal code


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. This is the perfect owner occupy mortgage helper, multi-generational home or turnkey investment property (over $62,000 annual rent income possible). Presently the main level three bedroom unit is rented at $2074 a month plus utilities; and $1529 for the garden suite inclusive of utilities. There is a rare detatched coach house tucked away in the backyard that provides the perfect work-from-home studio location you have been searching for or just additional income! 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. 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. Seller financing / vendor take back option to aid in the process of downpayment possible for qualified buyers. Dont wait!.

Extras

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History

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List Date End Date List Price End Price Status MLS #
1984-07 2024-02 $33,000 $29,500 Sld X7664974
1985-10 2024-02 $39,900 $39,000 Sld X7769952
2000-11 2024-02 $56,900 $53,000 Sld X7722253
2001-02 2024-01 $71,000 $71,000 Ter X7442031
2023-09 2024-02 $749,999 $739,900 Ter X7407190
2023-09 2024-01 $749,999 $739,900 Sus X6813630
2024-07 2024-10 $739,900 $688,884 Pc X9056488
2024-02 $749,999 $739,900 X7407189

Comparables

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sold Date Address List Price sold Price DOM

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

London :

Average sale price
Properties sold
New Listings
Days on Market
Sale $ / List $
Year on Year Growth


Estimated running costs for 354 Spruce St

Based on available 3rd party data

$2677

Approximate costs per month

Mortgage
$2335 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$207 p/m
Maintenance
$0 p/m

Amenities:

Features:

  • Park
  • Place Of Worship
  • Public Transit
  • Rec Centre
  • School
  • School Bus Route
Listing Broker EXP REALTY
Data Source: TRREB

Payment calculator

$2542 monthly. In association with: TD Bank
%
  • Principal and Interest
    2335 /mo
  • Property Taxes
    $207 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Jim Millis, Realtor

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