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$679,995
Available - For Sale
Listing ID: X9056488
Situated on a beautiful quiet treed street, sits this newly renovated historic charmer multi-unit property offering three total rental units. 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 (around $62,000 of annual rent income possible). Presently the main level three bedroom unit is rented at $2074 a month plus utilities; and $1529 a month for the garden suite inclusive of utilities. 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. Rented this unit upper unit is expected to rent for $1549 plus utilities. 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 furnace in 2024 for the main duplex property, 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. With increased possibilities with residential properties being allowed up to a total of four residential units in the City of London, it is possible that with the large lot sixe and dpeth of over 250 feet on the lot; the future potential to add a fourth ADU (additional dwelling unit) on the property could be possible. This is not one to miss, such a unique property with all these features rarely comes on the market.
Price $679,995
Taxes: $2,674
Assessment: $170000
Assessment Year: 2024
Address: 354 Spruce St , London, N5W 4N7, Ontario
Lot Size: 40 x 233 (Feet)
Acreage: < .50
Directions/Cross Streets: Dundas St & Spruce St; Take Dundas St East or West to Spruce St; Head South on Spruce St; Property o
Rooms: 15
Rooms +: 1
Bedrooms: 5
Washrooms: 3
Kitchens: 3
Family Room: Y
Basement: Unfinished
Walk-Up
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  3 2nd
Washroom 3:  3 Main
Property Type: Triplex
Style: 2-Storey
Exterior: Vinyl Siding
Garage Type: None
(Parking/)Drive: Front Yard
Drive Parking Spaces: 3
Pool: None
Other Structures: Aux Residences
Approximatly Age: 100+
Approximatly Square Footage: 1100-1500
Property Features: Park
Place Of Worship
Public Transit
Rec Centre
School
School Bus Route
Fireplace/Stove: N
Heat Source: Electric
Heat Type: Baseboard
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Lower
Elevator Lift: N
Sewers: Sewers
Water: Municipal
Utilities-Cable: A
Utilities-Hydro: Y
Utilities-Gas: Y
Utilities-Telephone: A
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EXP REALTY

354 Spruce St , London, N5W 4N7, Ontario

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MD Ashraful Bari
Broker
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647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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Type: Freehold - Triplex
Area: Middlesex
Municipality: London
Neighbourhood: East H
Style: 2-Storey
Lot Size: 40.00 x 233.00(Feet)
Approximate Age: 100+
Tax: $2,674
Maintenance Fee: $0
Beds: 5
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
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Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

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HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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