358 SIMCOE STREET, London East (East K), Ontario, N6B1J7

Property Description

Mortgage Helper Opportunity! Welcome to 358 Simcoe Street, located in London's energetic and evolving SOHO district. Whether you're an investor looking for solid cash flow, a first-time buyer hoping to offset your mortgage, or someone wanting flexibility in a growing neighbourhood, this property checks the boxes. Currently generating $3,500 per month in rental income (Front 2-Bedroom: $2,000 / Back 1-Bedroom: $1,500), this home offers two self-contained living spaces designed for both function and comfort. The front unit features an updated kitchen complete with modern cabinetry, stainless steel appliances, a sleek tile backsplash, and a butcher block island that anchors the space beautifully. The open living area flows into a dining/rec space highlighted by soaring cathedral ceilings and exposed wood beams - creating warmth and character you don't often find. Two spacious bedrooms and a bright four-piece bathroom complete the layout. Step outside to a generous patio, perfect for relaxing or entertaining. The rear unit offers its own inviting charm, beginning with a cozy sunroom that leads into a well-sized kitchen and dining area. The living room features impressive ceiling height, creating an airy yet comfortable atmosphere. A large bedroom and three-piece bath make this space ideal for tenants or extended family. Outside, the surprisingly deep backyard includes a stone patio, ample green space, and a substantial storage shed - a rare find this close to downtown. Parking for up to five vehicles adds even more practicality. An exceptional opportunity in one of London's most promising neighbourhoods - whether you're building your portfolio or stepping into homeownership with added income potential, 358 Simcoe Street is worth a closer look. (id:64974)

Quick Facts

• Property Type: House (Freehold)
• Style: Bungalow
• Bedrooms: 3 (3 above)
• Bathrooms: 2
• Ownership: Freehold
• Attached: No
• Parking: 5 spaces (No Garage)
• Frontage: 39 ft (11.9 m)

Costs

• Annual Taxes: $3,319.00 (2025)

Listing Provided by: BLUE FOREST REALTY INC.
Board: London and St. Thomas Association of REALTORS®
Data provided via CREA DDF®.