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1 / 49
New19 hours ago

354 Spruce Street

East H, London East

$599,000

Detached|2-Storey
5 | 3 | 3
About this home

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.

Extras

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Got questions?

Contact Ephy directly.

agent
Ephy Bookbinder
(416) 838-4804
TypeDetached
Style2-Storey
Approx. Age100+
Size1100-1500 sq. ft.
Property Tax$2,850
Lot Size40.16 ft x 235.05 ft
mls© NumberX14105050
Listed ByEXP REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,066
Property tax
$238
Heat allowance
$150
Housing costs
$3,453 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $119,800
25-yr amortization

Income needed

$106,000

gross annual household income

Payment at 4%
$2,521 / mo
Cash down
$119,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Values and trends

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