358 Simcoe Street London East, Ontario N6B 1J7
$420,000
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:61499)
Property Details
| MLS® Number | X12842376 |
| Property Type | Single Family |
| Community Name | East K |
| AmenitiesNearBy | Hospital, Public Transit, Place Of Worship |
| EquipmentType | None |
| Features | Flat Site |
| ParkingSpaceTotal | 5 |
| RentalEquipmentType | None |
| Structure | Patio(s), Porch |
Building
| BathroomTotal | 2 |
| BedroomsAboveGround | 3 |
| BedroomsTotal | 3 |
| Age | 100+ Years |
| Amenities | Separate Electricity Meters |
| Appliances | Dishwasher, Dryer, Hot Water Instant, Two Stoves, Washer, Two Refrigerators |
| ArchitecturalStyle | Bungalow |
| BasementDevelopment | Unfinished |
| BasementType | N/a (unfinished) |
| ConstructionStyleAttachment | Detached |
| CoolingType | None |
| ExteriorFinish | Vinyl Siding |
| FoundationType | Block, Poured Concrete, Brick |
| HeatingFuel | Other |
| HeatingType | Radiant Heat |
| StoriesTotal | 1 |
| SizeInterior | 1500 - 2000 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| LandAmenities | Hospital, Public Transit, Place Of Worship |
| LandscapeFeatures | Landscaped |
| Sewer | Sanitary Sewer |
| SizeDepth | 165 Ft |
| SizeFrontage | 39 Ft |
| SizeIrregular | 39 X 165 Ft |
| SizeTotalText | 39 X 165 Ft |
| SurfaceWater | River/stream |
| ZoningDescription | R3-1 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Laundry Room | 3.17 m | 5.66 m | 3.17 m x 5.66 m |
| Lower Level | Utility Room | 3.52 m | 8.28 m | 3.52 m x 8.28 m |
| Lower Level | Utility Room | 6.94 m | 5.83 m | 6.94 m x 5.83 m |
| Main Level | Kitchen | 3.11 m | 4.92 m | 3.11 m x 4.92 m |
| Main Level | Living Room | 5.24 m | 4.93 m | 5.24 m x 4.93 m |
| Main Level | Bathroom | 2.03 m | 1.92 m | 2.03 m x 1.92 m |
| Main Level | Dining Room | 4.74 m | 3.37 m | 4.74 m x 3.37 m |
| Main Level | Living Room | 4.14 m | 4.22 m | 4.14 m x 4.22 m |
| Main Level | Bedroom | 3.04 m | 3.96 m | 3.04 m x 3.96 m |
| Main Level | Bedroom 2 | 3.11 m | 3.05 m | 3.11 m x 3.05 m |
| Main Level | Bathroom | 2.51 m | 2.17 m | 2.51 m x 2.17 m |
| Main Level | Kitchen | 3.99 m | 3.04 m | 3.99 m x 3.04 m |
| Main Level | Dining Room | 2.88 m | 2.42 m | 2.88 m x 2.42 m |
| Main Level | Bedroom | 2.88 m | 2.42 m | 2.88 m x 2.42 m |
| Main Level | Sunroom | 4.22 m | 1.85 m | 4.22 m x 1.85 m |
Utilities
| Cable | Installed |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/29424610/358-simcoe-street-london-east-east-k-east-k
Interested?
Contact us for more information
Craig Durand
Salesperson
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April 18 2026 01:51:30
Blue Forest Realty Inc.