Re-listed 50 days ago

354 Spruce St, London East, Ontario N5W 4N7

Townhouse
5
3
~1100-1500 sqft
$•••,•••
$599,995
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Townhouse
5
3
~1100-1500 sqft

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Highlights

Property Estimate

Days on market50 days

Total days on market
100 days

Estimated valueNot available

Price/Sqft$472/sqft

Monthly cost

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CMA Subject Property

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+2

Properties sold*

$445K

Median sold price*

*Based on last 30 days

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!


Property Details

Style2-Storey
ViewCity
Age of property100+
SqFt~1100-1500 SqFt
Lot Size9,320 SqFt(233 x 40)
Parking Spaces3
MLS ®NumberX12219905
Community NameArgyle
Data SourceTRREB
Listing byEXP REALTY

Features

Heating: Forced Air
Basement: Unfinished, Walk-Up

Main Floor

Foyer

1.47 x 2.82

Br

4.01 x 2.9

Living

2.9 x 4.27

2nd Br

2.69 x 3.0


Features

Lot size: 9,320 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 3


Market Data - Argyle

Geo Zone Map ThumbnailArgyle

Strong Buyer's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

48 days

Compared to

2024

50 days

2023

10 days

2022

25 days

New Listings

Past 30 days

6 listings

Compared to

2024

7 listings

2023

2 listings

2022

4 listings

Units sold

Past 30 days

1 unit

Compared to

2024

2 units

2023

1 unit

2022

3 units

Median Sold Price

Past 30 days

$589,000

Compared to

2024

$445,000

2023

$450,000

2022

$400,000


Population and Demographics

Overview

Total population 24680
Average household income $92,644

Age (%)

0 to 19
22%
20 to 34
24%
35 to 49
18%
50 to 64
21%
65 and plus
15%

Household composition (%)

Single family
62%
Single person
29%
Multi person
8%
Multi family
0%

Mother tongue (%)

English
87%
Others
6%
Portuguese
2%
Spanish
2%
French
1%

House tenancy (%)

Owners
64%
Renters
36%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget