354 Spruce ST Active Save Request In-Person Tour Request Virtual Tour
London,ON N5W 4N7
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 X9056488
Style 2-Storey
Bedrooms 5
Building Age 100+
Annual Tax Amount $2,674
Tax Year 2024
Property Sub-Type Triplex
Property Description
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 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 Upper unit just rented at $1400 plus inclusive of utilities (effective as of March 15th, 2025) and $1529 a month for the garden suite inclusive of 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. Seller has submitted application with plans and made payments to legalize garden suite ADU unit as fully legal unit with the City of London. New buyer can take over property and process to complete legalization. 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 an additional 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.
Location
Province ON
County Middlesex
Community East H
Area Middlesex
Rooms
Family Room Yes
Basement Unfinished,Walk-Up
Kitchen 3
Interior
Interior Features Accessory Apartment,In-Law Suite,Primary Bedroom - Main Floor,Water Heater Owned
Cooling Central Air
Fireplace No
Heat Source Electric
Exterior
Exterior Feature Deck,Porch,Lighting,Year Round Living
Parking Features Private,Tandem,Front Yard Parking
Pool None
Roof Type Asphalt Shingle
Lot Frontage 40.0
Lot Depth 233.0
Total Parking Spaces 3
Building
Unit Features Park,Place Of Worship,School,School Bus Route,Public Transit,Rec./Commun.Centre
Foundation Concrete Block,Slab
Others
Security Features Carbon Monoxide Detectors,Smoke Detector
ParcelsYN No
Virtual Tour https://view.ricoh360.com/d108407f-f9ef-4da7-9f99-c4942f28aa77