354 SPRUCE STREET, London, Ontario, N5W4N7
Bathrooms3Bedrooms5
Property TypeSingle Family

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:15069)


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Details
Amenities NearbyPark, Place of Worship, Schools, Public TransitCommunity FeaturesSchool Bus, Community Centre
FeaturesLighting, In-Law SuiteParking Spaces3
StructureDeck, PorchTransactionFor sale
Zoning DescriptionR2-3
Building
Bedrooms Main level5AppliancesWater Heater, Range, Refrigerator, Stove, Washer
Basement DevelopmentUnfinishedBasement FeaturesWalk-up
BasementN/A (Unfinished)CoolingCentral air conditioning
Exterior FinishVinyl sidingFire ProtectionSmoke Detectors
FoundationBlock, SlabBathrooms (Total)3
Heating FuelElectricHeatingBaseboard heaters
Storeys Total2TypeTriplex
Utility WaterMunicipal water
Land
Size Frontage40 ftAmenitiesPark, Place of Worship, Schools, Public Transit
SewerSanitary sewerSize Depth233 ft
Size Irregular40 x 233 FT

Listing Office: EXP REALTY

Data Provided by London and St. Thomas Association of REALTORS®

Last Modified :04/08/2024 07:51:24 AM

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