361 Spruce St is a 3-bedroom, 1-bathroom detached home in London, listed for $499,900. It has 700-1100 sq ft of living space.
1The main floor features a bright, open living space with hardwood flooring & an expanded layout completed in 2022.
2Outside, 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.
3BasementPartially Finished, as described in the listing.
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 walk-in-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
3 bedrooms, 1 bathroom, about 700 sq ft, works out to roughly $714 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 361 Spruce St
Every detail from the listing, in one place.
Type
Detached
Style
1 1/2 Storey
Living space
700-1100 sq ftas stated on the listing
Parking
3 spacesYes garage
Basement
Partially Finished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
3
Interior
Basement
Partially Finished
Lot & land
Lot size (sqft)
6372
Listing & possession
Property style
1 1/2 Storey
Property class
Detached
361 Spruce St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14123802$499,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 361 Spruce St Compares to the London Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,456
/mo
based on the purchase price of $499,900
$99,980 cash
$399,920 financed
$336,838 total interest
Principal54%$399,920
Interest46%$336,838
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in London
Other 2–5 bed homes for sale in London around $500K.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.2%On average, homes sold below asking.
Active listings2,462Homes for sale here right now.
Median vs prior 90 days−1.9%Compared with May 1 – Jul 30, 2026: prices down.
Based on 1,783 sales from Jul 30 – Oct 28, 2026 (1,489 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 361 Spruce St
How much is 361 Spruce St listed for?
361 Spruce St is listed at $499,900 (MLS® X14123802). Summitly updates the price as soon as the MLS® record changes.
Is $499,900 a good price for 361 Spruce St?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in London. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 361 Spruce St changed?
No — 361 Spruce St is still listed at its original asking price of $499,900.
How many bedrooms and bathrooms does 361 Spruce St have?
361 Spruce St has 3 bedrooms and 1 bathroom, with about 700–1,100 square feet of living space. It is a detached home in London.
How much would the monthly mortgage be on 361 Spruce St?
About $2,456 a month — principal and interest on $499,900 with 20% down ($99,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
Are there open houses at 361 Spruce St?
Yes — Sunday, November 1, 1:00 PM – 3:00 PM. Open-house times come from the listing brokerage and can change, so check this page before you go, or book a private viewing.
How does 361 Spruce St compare with other homes in London?
Its asking price of $499,900 is about 11% below the median sold price in London over the last 90 days, $560,000, across 1,783 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 361 Spruce St been sold before?
Summitly has no earlier MLS® sale or lease of 361 Spruce St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 361 Spruce St?
361 Spruce St is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 361 Spruce St been on the market?
361 Spruce St was listed today (October 28, 2026).
What is the price per square foot of 361 Spruce St?
About $454 to $714 per square foot: the asking price of $499,900 over the 700–1,100 sq ft the listing gives as its size range.
Does 361 Spruce St have parking or a garage?
Yes — the listing gives 3 parking spaces. Garage: Yes.