ON > London > East H
London, ON N5W4N7,354 SPRUCE Street
London, ON N5W4N7,354 SPRUCE Street
London, ON N5W4N7,354 SPRUCE Street
London, ON N5W4N7,354 SPRUCE Street
London, ON N5W4N7,354 SPRUCE Street
London, ON N5W4N7,354 SPRUCE Street
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Harman Powar

Harman Powar

+1(403) 978-7332
$ 664,499
Est. payment | /mo

3 Beds

3 Baths

1,390 SqFt

Save Virtual Tour
$ 664,499
Est. payment | /mo
Save Virtual Tour

3 Beds

3 Baths

1,390 SqFt

Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 1,390 sqft

Price per Sqft $478

Subdivision East H

MLS® Listing ID 40721396

Bedrooms 3

Year Built 1910

Property Sub-Type Freehold

Source Cornerstone - Waterloo Region

Property Description

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! (id:24570)

Location

State ON

Rooms

Kitchen 0.0

Interior

Heating Baseboard heaters, , Forced air,

Cooling None

Exterior

Parking Features No

Fence Fence

Community Features Community Centre, School Bus

View Y/N No

Total Parking Spaces 3

Private Pool No

Building

Story 2

Sewer Municipal sewage system

Others

Ownership Freehold

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

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Listed by EXP REALTY
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(403) 978-7332

harmanpowarcentury21@gmail.com

3009 23 St NE, Calgary, AB, CAN

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354 SPRUCE Street