$519,900
For sale: Detached

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
Sold data
Detached homes in London East (East H) took a median of 25 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 46, across 778 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 46 days.
The median sale price was $629,900.
Homes sold for about 2.8% below asking on average, so there was room to negotiate.
About 14% of sales closed above the list price.
Around 23% of sellers reduced their price before finding a buyer.
Based on 778 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
London East (East H) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.
School ratings from the Fraser Institute's Ontario school report cards.
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