ON > London
London, ON N5W 4N7,354 Spruce ST
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London, ON N5W 4N7,354 Spruce ST
London, ON N5W 4N7,354 Spruce ST
London, ON N5W 4N7,354 Spruce ST
London, ON N5W 4N7,354 Spruce ST
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Erika Alvarenga

Erika Alvarenga

+1(437) 372-5051
$ 688,884
Est. payment /mo
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Price Dropped by $11K

354 Spruce ST London, ON N5W 4N7

5 Beds

3 Baths

UPDATED:

10/21/2024 05:45 AM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1100-1500

MLS Listing ID X9056488

Style 2-Storey

Bedrooms 5

Annual Tax Amount $2,485

Tax Year 2023

Property Description

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!

Location

State ON

County Middlesex

Area East H

Rooms

Family Room Yes

Basement Unfinished, Walk-Up

Kitchen 3

Interior

Interior Features Accessory Apartment, In-Law Suite, Primary Bedroom - Main Floor, Water Heater Owned

Cooling Central Air

Fireplace No

Heat Source Electric

Exterior

Exterior Feature Deck, Porch, Lighting, Year Round Living

Garage Private, Tandem, Front Yard Parking

Garage Spaces 3.0

Pool None

Waterfront No

Roof Type Asphalt Shingle

Parking Type None

Total Parking Spaces 3

Building

Unit Features Park,Place Of Worship,School,School Bus Route,Public Transit,Rec./Commun.Centre

Foundation Concrete Block, Slab

Others

Security Features Carbon Monoxide Detectors,Smoke Detector

Listed by EXP REALTY

Erika Alvarenga

Agent

+1(437) 372-5051

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354 Spruce ST