361 Spruce Street · London, N5W 4N9
MLS® X14123802
Listing courtesy of Prime Real Estate Brokerage·Listing last changed 3 hours ago
Open house
- Sun, Nov 1 · 1:00 to 3:00 p.m.
Key facts
- Property type
- Detached
- Square footage
- 700-1,100 sqft
- Lot size
- 40.46 × 156.75 ft · < 0.50 acres
- Age
- 51-99 years
- Parking
- 3 spaces
- Property tax
- $2,467/yr (2025)
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
- 700-1,100 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 · < 0.50 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
- Bedroom
- 3.43 × 3.18 m
- Kitchen
- 4.01 × 2.39 m
- Bedroom
- 3.1 × 2.74 m
- Sunroom
- 4.45 × 1.96 m
Second
- Other
- 3.94 × 3.58 m
- Bedroom
- 4.88 × 3.61 m
Basement
- Recreation
- 8.13 × 3.25 m
- Laundry
- 4.01 × 3.25 m
- Other
- 4.57 × 3.51 m
Estimated value range
$475K to $525K
An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.
Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.
Location & neighbourhood
DirectionsLondon East, ON
Expansive east London district with parks and a wide range of affordable to mid-range housing.
Schools nearbyclosest is Prince Charles Public School, 580 m
Elementary
- 4.0
Prince Charles Public School
580 m · Grades JK-8
Thames Valley District School Board
- 5.8
St Pius X Separate School
700 m · Grades JK-8
London District Catholic School Board
- 7.4
Académie de la Tamise
970 m · Grades JK-6
Conseil scolaire Viamonde
Secondary
Thames Valley Alternative Secondary School
1.3 km · Grades 9-12
- 3.8
Clarke Road Secondary School
1.6 km · Grades 9-12
Thames Valley District School Board
- 3.3
John Paul II Catholic Secondary School
1.9 km · Grades 9-12
London District Catholic School Board
Distances are straight-line from this address. School boards set their own attendance areas and do not publish them, so a school listed here is not a guarantee of placement. Confirm with the board before you rely on it.
Monthly paymentest. $2,901/mo all in
Monthly payment estimate
Land transfer tax$6,473 on closing
Ontario LTT
$6,473
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 today
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
Sold comparables nearby
Sold320 Culver Place, London East
Sold1622 Leonard Street, London East
See what these 6 homes sold for
Create a free account to see sold prices and comparable sales.
Market conditionsBuyer’s market in London
6.5 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 99.6% of asking.
Avg. sold price
$443,833
Sale-to-list ratio
99.6%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $119,000 household income
Minimum household income required
$119,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization, this home's listed property tax and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Call Colin at (226) 212-5099 or text
Rental market$2,300/mo median for 3 bed nearby
$2,300/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 58 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.
Colin Abbot, Broker
Oak and Key Real Estate Brokerage Inc.
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Oak and Key Real Estate Brokerage Inc.
Colin Abbot
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Colin Abbot, Broker, Westwood Realty Team
Oak and Key Real Estate Brokerage Inc., Brokerage, 490 Melcrest Road, London, ON N6J 3T1, Phone: (226) 212-5099
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