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$465,000
Available - For Sale
Listing ID: X12842376
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.
Price $465,000
Taxes: $3,319
Assessment Year: 2025
Occupancy by: Tenant
Address: 358 Simcoe Street , London East, N6B 1J7, Middlesex
Directions/Cross Streets: Wellington/Horton
Rooms: 9
Bedrooms: 3
Bedrooms +: 0
Washrooms: 2
Family Room: T
Basement: Unfinished
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Kitchen 10.20 16.14
Room 2: Main Dining Ro 15.55 11.05
Room 3: Main Living Ro 13.58 13.84
Room 4: Main Bedroom 9.97 12.99
Room 5: Main Bedroom 2 10.20 10.00
Room 6: Main Bathroom 8.23 7.12
Room 7: Main Kitchen 13.09 9.97
Room 8: Main Dining Ro 9.45 7.94
Room 9: Main Bedroom 9.45 7.94
Room 10: Main Sunroom 13.84 6.07
Room 11: Main Living Ro 17.19 16.17
Room 12: Main Bathroom 6.66 6.30
Room 13: Lower Laundry 10.40 18.56
Room 14: Lower Utility R 11.55 27.16
Room 15: Lower Utility R 22.76 19.12
No. of Pieces Level
Washroom 1 4 Main
Washroom 2 3 Main
Washroom 3 0
Washroom 4 0
Washroom 5 0
Washroom 6 4 Main
Washroom 7 3 Main
Washroom 8 0
Washroom 9 0
Washroom 10 0
Washroom 11 4 Main
Washroom 12 3 Main
Washroom 13 0
Washroom 14 0
Washroom 15 0
Washroom 16 4 Main
Washroom 17 3 Main
Washroom 18 0
Washroom 19 0
Washroom 20 0
Property Type: Detached
Style: Bungalow
Exterior: Vinyl Siding
Garage Type: None
(Parking/)Drive: Private
Drive Parking Spaces: 5
Park #1
Parking Type: Private
Park #2
Parking Type: Private
Pool: None
Approximatly Age: 100+
Approximatly Square Footage: 1500-2000
Property Features: River/Stream
Hospital
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Radiant
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Elevator Lift: False
Sewers: Sewer
Utilities-Cable: Y
Utilities-Hydro: Y
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BLUE FOREST REALTY INC.

358 Simcoe Street , London East, N6B 1J7, Middlesex

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Maria Tompson
Sales Representative
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416-548-7854
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416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Detached
Area: Middlesex
Municipality: London East
Neighbourhood: East K
Style: Bungalow
Lot Size: x 165.00(Feet)
Approximate Age: 100+
Tax: $3,319
Maintenance Fee: $0
Beds: 3
Baths: 2
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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