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354 Spruce Street London, Ontario N5W 4N7

5 Bedroom 3 Bathroom
Central Air Conditioning Baseboard Heaters

$739,000

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; while both the upper level unit and the garden suite units are each generating $1423 a month inclusive of utilites. These two units are set to turn and the projected rent is $1549 for the upper unit and $1595 for the garden suite. 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! 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! (id:59646)

Property Details

MLS® Number X9056488
Property Type Single Family
Community Name East H
Amenities Near By Park, Place Of Worship, Schools, Public Transit
Community Features School Bus, Community Centre
Features Lighting, In-law Suite
Parking Space Total 3
Structure Deck, Porch

Building

Bathroom Total 3
Bedrooms Above Ground 5
Bedrooms Total 5
Appliances Water Heater, Range, Refrigerator, Stove, Washer
Basement Development Unfinished
Basement Features Walk-up
Basement Type N/a (unfinished)
Cooling Type Central Air Conditioning
Exterior Finish Vinyl Siding
Fire Protection Smoke Detectors
Foundation Type Block, Slab
Heating Fuel Electric
Heating Type Baseboard Heaters
Stories Total 2
Type Triplex
Utility Water Municipal Water

Parking

Tandem

Land

Acreage No
Land Amenities Park, Place Of Worship, Schools, Public Transit
Sewer Sanitary Sewer
Size Depth 233 Ft
Size Frontage 40 Ft
Size Irregular 40 X 233 Ft
Size Total Text 40 X 233 Ft|under 1/2 Acre
Zoning Description R2-3

Utilities

Cable Available
Sewer Installed

https://www.realtor.ca/real-estate/27219126/354-spruce-street-london-east-h

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