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Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

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$664,499
Available - For Sale
Listing ID: X12105861
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!
Price $664,499
Taxes: $5,002
Assessment Year: 2025
Occupancy by: Tenant
Address: 354 Spruce Stre , London East, N5W 4N7, Middlesex
Acreage: < .50
Directions/Cross Streets: Dundas Street / Wavell Street
Rooms: 15
Rooms +: 1
Bedrooms: 3
Bedrooms +: 0
Washrooms: 3
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 8.50 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 10.00 14.17
Room 11: Second Bathroom 5.74 6.66 3 Pc Bath
Room 12: Second Bedroom 10.66 29.00 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
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  3 Second
Washroom 3:  3 Ground
Washroom 4:  0
Washroom 5:  0
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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EXP REALTY

354 Spruce Stre , London East, N5W 4N7, Middlesex

Personal Picture
Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Triplex
Area: Middlesex
Municipality: London East
Neighbourhood: East H
Style: 2-Storey
Lot Size: x 233.00(Feet)
Approximate Age: 100+
Tax: $5,002
Maintenance Fee: $0
Beds: 3
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854 Personal Pic
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