ON > London East > East H
London East, ON N5W 4N7,354 Spruce ST
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London East, ON N5W 4N7,354 Spruce ST
London East, ON N5W 4N7,354 Spruce ST
London East, ON N5W 4N7,354 Spruce ST
London East, ON N5W 4N7,354 Spruce ST
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Max Hahne

Max Hahne

+1(705) 441-5800
$ 664,499
Est. payment /mo
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354 Spruce ST London East, ON N5W 4N7

3 Beds

3 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1100-1500

Subdivision East H

MLS Listing ID X12105861

Style 2-Storey

Bedrooms 3

Building Age 100+

Annual Tax Amount $5,002

Tax Year 2025

Property Sub-Type Triplex

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. Application is also submitted to fully legalize the garden suite unit and assurances can be provided by Seller to ensure this gets legalized for new Buyer. This is the perfect owner occupy mortgage helper, multi-generational home or turnkey investment property (over $66,000 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, 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. Presently the main level three bedroom unit is rented at $2074 a month; the upper unit is rented at $1400 a month (effective as of March 15th, 2025) and the garden suite unit is rented at $1529 a month; with the tenants covering all the properties utilities, with only the manageble gas bill being the owner's responsibility presently. As a bonus a contract is in place to lease the space in the basement until end of 2025 brining in an additional $640 montly. This property is at an 8%+ Cap Rate at asking price!

Location

Province ON

County Middlesex

Community East H

Area Middlesex

Zoning R2-3

Rooms

Basement Unfinished, Walk-Up

Kitchen 3

Interior

Interior Features Accessory Apartment, In-Law Suite, Primary Bedroom - Main Floor, Upgraded Insulation, Separate Heating Controls, Ventilation System

Cooling None

Inclusions 3 Fridges, 3 Stoves, 2 Range Exhaust Hoods, Laundry Sink, 2 Washers, 2 Dryers, Portable Washing Machine Unit, Smoke Detectors, Carbon Monoxide Detectors

Exterior

Exterior Feature Deck, Patio, Porch, Year Round Living, Recreational Area

Parking Features None

Pool None

View City

Roof Type Asphalt Shingle

Total Parking Spaces 3

Building

Foundation Concrete Block, Slab

Others

ParcelsYN No

Virtual Tour https://view.ricoh360.com/d108407f-f9ef-4da7-9f99-c4942f28aa77

Lited by EXP REALTY
agent

Max Hahne

Broker | License ID: 2053955

+1(705) 441-5800

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354 Spruce ST