$519,900
Est. $2,436/mo mortgage
361 Spruce Street · London East, N5W 4N9
MLS® X13056956
Listed Apr 29, 2026
Listing courtesy of Prime Real Estate Brokerage·Updated Jul 27
Description
Ideal for investors, students, or families, welcome to 361 Spruce Street, a beautifully updated 1 1/2 storey home set on a generous corner lot in a quiet East London neighbourhood close to Kiwanis Park, Fanshawe College, shopping, & everyday amenities.This home has been thoughtfully improved with comfort & long-term value in mind, offering the flexibility to rent out rooms or move your family in & enjoy, with the potential to offset your monthly costs through rental income. The main floor features a bright, open living space with hardwood flooring & an expanded layout completed in 2022. The kitchen was remodelled in 2023 with modern cabinetry, updated lighting, & tile flooring.Two well-sized bedrooms are located on the main floor, along with a refreshed bathroom featuring clean finishes & a rainfall shower. Upstairs, the primary bedroom offers a private & versatile retreat with generous space & storage.The lower level adds valuable flexibility with a newly finished recreation room completed in 2025 featuring modern flooring & pot lighting.This space could function as a fourth bedroom, home gym, media room, or second living area. Also includes a large laundry room with shelving & storage, a 2-piece bathroom, & an additional storage or workshop area. Outside, the fully fenced backyard was completed in 2022 with a modern fence & offers excellent space for entertaining, fruit trees, multiple deck areas, trailer access through a double gate, & a powered 10x10 shed. The detached garage was insulated & soundproofed in 2022 & includes electrical service & a Wi-Fi smart garage door opener with battery backup.Major updates include furnace (2023), central air (2021), tankless water heater (2022), three front windows (2022), roof shingles approx. 2015, & updated electrical & lighting (2021). Located minutes to Fanshawe College, this home also offers strong potential for student rental or multi-room income.A move-in ready property where the important updates are already complete
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Property details
Interior
- Size
- 700-1100 sqft
- Rooms
- 10 rooms
- Bathrooms
- 1 × 4-piece on Main, 1 × 2-piece on Basement
- Basement
- Partially Finished
- Heating
- Forced Air
- Cooling
- Central Air
Building & lot
- Type
- Detached, 1 1/2 Storey
- Age
- 51-99 years
- Lot size
- 40.46 × 156.75 ft · < .50 acres
- Exterior
- Vinyl Siding
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Water & sewer
- Sewer
Parking
- Garage
- 1 car Detached
- Driveway
- Private (2 spaces)
- Parking
- 3 spaces
Fees & taxes
- Property tax
- $2,467/yr (2025)
Rooms
Main
- Living Room
- 5.56 × 3.43 m
- Sunroom
- 4.45 × 1.96 m
- Kitchen
- 4.01 × 2.39 m
- Bedroom
- 3.1 × 2.74 m
- Bedroom
- 3.43 × 3.18 m
Second
- Bedroom
- 4.88 × 3.61 m
- Other
- 3.94 × 3.58 m
Basement
- Laundry
- 4.01 × 3.25 m
- Recreation
- 8.13 × 3.25 m
- Other
- 4.57 × 3.51 m
AI property estimate
Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.
79% confidence · 40 sold homes within 2 km, by price per sq ft
Monthly paymentest. $3,107/mo all in
Monthly payment estimate
Land transfer tax$6,873 on closing
Ontario LTT
$6,873
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed Apr 29, 2026
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
Sold comparables nearby
Sold$475,000
1864 Herbert Avenue, London East
Sold$500,000
238 Starlight Avenue, London East
See what these 6 homes sold for
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Market conditionsBuyer's market in London East
Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 97.3% of asking.
Avg. sold price
$436,650
Sale-to-list ratio
97.3%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $128,000 household income
Minimum household income required
$128,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Ask Colin →Rental market$2,250/mo median for 3 bed nearby
$2,250/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 56 leases.
What comparable homes actually leased for, not an estimate of what this one would rent for. Rent depends on condition, finishes and timing in ways this figure cannot see.
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Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
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