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354 SPRUCE STREET, London, Ontario, N5W 4N7

MLS® # X9056488
new listing
Investment For Sale In Argyle, London, Ontario
$679,995
354 Spruce Street, London, ON - Outdoor
354 Spruce Street, London, ON - Outdoor
354 Spruce Street, London, ON - Outdoor
354 Spruce Street, London, ON - Other
354 Spruce Street, London, ON - Indoor Photo Showing Kitchen With Double Sink
354 Spruce Street, London, ON - Indoor

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354 SPRUCE STREET, London, Ontario, N5W 4N7
$679,995

Property Information:

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 owner occupy mortgage helper, multi-generational home or 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 $1529 a month for the garden suite inclusive of utilities. Currently the upper spacious studio unit is vacant making this a perfect mortage helper property for the owner to reside in one unit and collect rental income from the other two units. Rented this unit upper unit is expected to rent for $1549 plus 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. 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 a fourth 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. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Triplex
  • Basement Development: Unfinished
  • Basement Type: N/A
  • Exterior Finish: Vinyl siding
  • Fire Protection: Smoke Detectors
  • Floor Space: 1099.9909 - 1499.9875 sqft
  • Foundation Type: Block
  • Heating Type: Baseboard heaters
  • Heating Fuel: Electric
  • Cooling Type: Central air conditioning
  • Appliances: Range, Stove, Washer, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 5
  • Bathrooms: 3
  • Amenities Nearby: Park, Schools, Public Transit
  • Community Features: School Bus, Community Centre
  • Features: Lighting
  • Floor Space (approx): 1099.9909 - 1499.9875 Square Feet
  • Irregular: Yes
  • Lot Depth: 233.0 Feet
  • Lot Frontage: 40.0 Feet
  • Lot Size: 40 x 233 FT
  • Structure Type: Deck, Porch
  • Utility Type: Cable - Available, Sewer - Installed
  • Zoning: R2-3
  • Sewer: Sanitary sewer
  • Parking Type: Tandem
  • No. of Parking Spaces: 3

Rooms:

  • Bathroom 2nd Level 1.75 m x 2.03 m
  • Bedroom 2nd Level 3.25 m x 8.84 m
  • Kitchen 2nd Level 3.05 m x 4.32 m
  • Utility Basement Level 4.70 m x 5.41 m
  • Foyer Main Level 1.47 m x 2.82 m
  • Bedroom Main Level 4.01 m x 2.90 m
  • Living Main Level 2.90 m x 4.27 m
  • 2nd Bedroom Main Level 2.69 m x 3.00 m
  • 3rd Bedroom Main Level 2.74 m x 2.92 m
  • Study Main Level 1.37 m x 1.07 m
  • Bathroom Main Level 2.59 m x 1.63 m
  • Kitchen Main Level 5.13 m x 3.00 m
  • Kitchen Ground Level 4.37 m x 2.54 m
  • Living Ground Level 2.67 m x 2.24 m
  • Bathroom Ground Level 1.60 m x 2.24 m

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Courtesy of: EXP REALTY

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Sales/Price History

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Market Price Trends

Single family detached

3.25%

Price change (1 year)

56.08%

Price change (5 years)

All Properties

2.59%

Price change (1 year)

54.76%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 354 SPRUCE STREET, London, Ontario, N5W 4N7

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

35 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

35 hot days expected in 2050

55/100

Moderate

ClimateCheck®

Current data

This property, 354 SPRUCE STREET , experiences 7 hot days per year at around 31 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 35 hot days at 34.5 degrees Celsius.

Projected Avg. Temperature

Past
31℃
2050
34.5℃

# Hot Days Per Year

Past
7
2050
35

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

64/100

Moderate-High

ClimateCheck®

Current data

This property, 354 SPRUCE STREET , experiences 11 significant 2-day storms per year, with about 329.2mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 405.6mm of precipitation per year.

Precipitation Per Storm

Past
329.2mm
2050
405.6mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 354 SPRUCE STREET, London, Ontario, N5W 4N7

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$85,426.57

Average Number of Children

1.53

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

24.16 %

High school certificate or equivalent

34.8 %

Apprenticeship trade certificate/diploma

6.21 %

College/non-university certificate

25.4 %

University Degree

9.43 %

Commuter

Travel To Work

By Car

85.77 %

By Public Transit

4.98 %

By Walking

3.08 %

By Bicycle

0.73 %

By Other Methods

5.44 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

40.02 %

Houses

59.98 %

Own Vs. Rent

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