Homes for sale - 354 Spruce ST, London East, ON N5W 4N7

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Mike Taylor

mike@ninemilerealty.ca +1(705) 985-1110

$ 599,995

Est. payment | -/mo

5 Beds

3 Baths

Save Virtual Tour

$ 599,995

Est. payment | -/mo

Save Virtual Tour

5 Beds

3 Baths

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 X12219905

Style 2-Storey

Bedrooms 5

Building Age 100+

Annual Tax Amount $2,374

Tax Year 2024

Property Sub-Type Triplex

Property Description

On a beautiful quiet treed street, sits this newly renovated historic charmer multi-unit property; only a street over from the beautiful spacious Kiwanis park. The location is also good for transit access and proximity to all neccessary services. A perfect oppurtunity awaits a new homeowner for an ideal mortgage helper situation as the garden suite ADU unit that sits independent of the main structure duplex is set to be vacant for September 1st, 2025. 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 with nearly $64,000 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, and stainless steel appliances. 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 $2399 a month (with new lease signed to existing tenants as of June 1st, 2025); the upper unit is rented at $1400 a month (effective as of March 15th, 2025) and the garden suite unit is currently rented at $1529 a month, however will be vacant as of September 1st, 2025 through natural turnover from a tenant that loved their time in this location. This property operating at a 8%+ Cap Rate at asking price!

Location

Province ON

County Middlesex

Community East H

Area Middlesex

Rooms

Family Room No

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

Fireplace No

Heat Source Gas

Exterior

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

Parking Features Front Yard Parking, Private

Pool None

View City

Roof Type Asphalt Shingle

Topography Flat

Lot Frontage 40.0

Lot Depth 233.0

Total Parking Spaces 3

Building

Unit Features Public Transit,Rec./Commun.Centre,Fenced Yard,Park,School,School Bus Route

Foundation Concrete Block, Slab

Others

Security Features Carbon Monoxide Detectors,Smoke Detector

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

Listed by EXP REALTY

We know the real estate landscape, the best neighbourhoods, and how to build the best relationships. We’re committed to delivering exceptional service based on years of industry expertise and the heartfelt desire to get it right.

+1(705) 985-1110

mike@ninemilerealty.ca

183 Bayfield St, Barrie, ON, L4M 3B4, CAN

354 Spruce ST London East, ON N5W 4N7