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For sale
  • C$599,995

    354 Spruce St, London, ON N5W 4N7

    3beds
    3baths
    1,390sqft
    Multi-3 Unit, Multi Family
    Built in 1910
    -- sqft lot
    $-- Zestimate®
    C$432/sqft
    C$-- HOA

    What's special

    Historic charmerBeautiful spacious kiwanis parkNew roofsEnergy efficient windowsBrand new kitchensGas stovesStainless steel appliances
    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!
    54 days
    on Zillow
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    34
    |
    0
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    Zillow last checked: 7 hours ago

    Listing updated: July 27, 2025 at 07:17pm

    Listed by:

    Nathan Blanco, Salesperson,

    EXP REALTY

    Source: ITSO,MLS®#: 40741190Originating MLS®#: Waterloo Region Association of REALTORS® (WRAR)
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    Heating
    • Baseboard, Electric, Forced Air, Natural Gas
    Cooling
    • None
    Appliances
    • Included: Instant Hot Water, Dryer, Refrigerator, Stove, Washer
    • Laundry: In-Suite
    Features
    • Accessory Apartment
    • Basement: Walk-Up Access,Full,Unfinished
    • Has fireplace: No
    Interior area
    • Total structure area: 1,390
    • Total interior livable area: 1,390 sqft
    • Finished area above ground: 1,390

    Property

    Parking
    • Total spaces: 3
    • Parking features: Gravel, Front Yard Parking, Private Drive Single Wide
    • Uncovered spaces: 3
    Features
    • Patio & porch: Deck, Patio
    • Exterior features: Balcony, Landscape Lighting, Lighting, Private Entrance, Year Round Living
    • Fencing: Full
    • Waterfront features: Access to Water
    • Frontage type: East
    • Frontage length: 40.00
    Lot
    • Size: 9,440 Square Feet
    • Dimensions: 40 x 233
    • Features: Rectangular, Airport, Ample Parking, Business Centre, Dog Park, City Lot, Hospital, Library, Open Spaces, Park, Place of Worship, Playground Nearby, Public Transit, Rec./Community Centre, Regional Mall, School Bus Route, Schools, Shopping Nearby, Trails
    Details
    • Additional structures: Other
    • Parcel number: 081120194
    • Zoning: R2-3

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi-3 Unit, Multi Family
    Materials
    • Block, Vinyl Siding
    • Foundation: Concrete Block, Slab
    • Roof: Asphalt Shing
    Condition
    • 100+ Years
    • New construction: No
    • Year built: 1910

    Utilities & green energy

    • Sewer: Sewer (Municipal)
    • Water: Municipal

    Community & HOA

    Community
    • Security: Carbon Monoxide Detector, Smoke Detector, Carbon Monoxide Detector(s)
    Location
    • Region: London

    Financial & listing details

    • Price per square foot: C$432/sqft
    • Annual tax amount: C$2,374
    • Date on market: 6/13/2025
    • Inclusions: Carbon Monoxide Detector, Smoke Detector, 3 Fridges, 3 Stoves, 2 Range Exhaust Hoods, Laundry Sink, 2 Washers, 2 Dryers, Portable Washing Machine Unit
    • Exclusions: Tenant Owned Items / Personal Belongings
    • Road surface type: Paved
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