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$599,000
London East
354 Spruce Street, London East (East H), Ontario, N5W4N7
This 5-bedroom, 3-bathroom home in London East is for sale offering roughly 1,300 sq ft of space. It has been on the market 14 days, fresher than the London East average of 69 days.
Situated on a beautiful quiet treed street, sits this renovated historic charmer multi-unit property. The second story addition of a new upper legal unit was just completed with building permit in 2023; and also includes a stand alone garden suite unit. This property is being offered fully vacant to offer the most flexibility for the Buyer. This is the perfect owner occupy mortgage helper, multi-generational home or turnkey investment property (over $66,000 in annual rent income when last occupied; through organic turnover all three units have become vacant over the past few months and have been left vacant to provide the most flexibility to the Buyer).Top to bottom, nearly everything has been redone under current ownership - from 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) and vent hoods, 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. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 14 days on market, against an average age of 69 days across the listings currently for sale in this city
This 5-bed single family in London East (East H) has been listed for 14 days, which is 55 days fresher than the city average of 69. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $599,000, about 9.3× the local median household income of $64,500.
Carrying it typically needs a household income of about $117,006 (20% down, 25-yr amortization, stress-tested) — roughly 81% above the area median.
Source: Statistics Canada, 2021 Census (FSA N5W)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.