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358 SIMCOE STREET, London East (East K)
2026-03-04
Quick Summary
- Location
- 358 SIMCOE STREET, London East (East K), Ontario N6B1J7
- Price
- $399,999
- Status:
- For Sale
- Property Type:
- Single Family
- Area:
- 1500 - 2000 sqft
- Bedrooms:
- 3
- Bathrooms:
- 2
- Garages:
- 5
MLS®#X12842376
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:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Hospital, Public Transit, Place of Worship
Building
- Amenities: Separate Electricity Meters
- Appliances: Dishwasher, Dryer, Hot Water Instant, Two stoves, Washer, Two Refrigerators
- Architectural Style: Bungalow
- Basement Development: Unfinished
- Basement Type: N/A (Unfinished)
- Construction Style: Detached
- Cooling Type: None
- Exterior Finish: Vinyl siding
- Fireplace: No
- Interior Size: 1500 - 2000 sqft
- Building Type: House
- Stories: 1
- Utility Water: Municipal water
Features
- Feature: Flat site
Land
- Land Size: 39 x 165 FT
- Sewer: Sanitary sewer
Ownership
- Type: Freehold
Structure
- Structure: Patio(s), Porch
Zoning
- Description: R3-1
Information entered by BLUE FOREST REALTY INC.
Listing information last updated on: 2026-06-02 18:51:34
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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