358 Simcoe ST, London East, ON N6B 1J7
358 Simcoe ST, London East, ON N6B 1J7
358 Simcoe ST, London East, ON N6B 1J7
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$399,999
Est. payment /mo
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3 Beds
2 Baths
Price Dropped by $20K

358 Simcoe ST London East, ON N6B 1J7

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Prabhdeep Kaur

Prabhdeep Kaur

+1(647) 294-6868

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision East K

MLS Listing ID X12842376

Style Bungalow

Bedrooms 3

Annual Tax Amount $3,319

Tax Year 2025

Property Sub-Type Detached

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.

Location

State ON

County Middlesex

Area Middlesex

Rooms

Family Room Yes

Basement Unfinished

Kitchen 2

Interior

Interior Features Accessory Apartment, In-Law Capability, Primary Bedroom - Main Floor, Separate Hydro Meter

Cooling None

Fireplace No

Heat Source Other

Exterior

Exterior Feature Patio, Porch, Landscaped

Parking Features Private

Pool None

Roof Type Asphalt Shingle

Topography Flat

Lot Frontage 39.0

Lot Depth 165.0

Total Parking Spaces 5

Building

Building Age 100+

Unit Features River/Stream,Hospital,Public Transit,Place Of Worship

Foundation Concrete Block, Poured Concrete, Brick

Others

ParcelsYN Yes

Listed by BLUE FOREST REALTY INC.

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Prabhdeep Kaur

Prabhdeep Kaur

Agent

+1(647) 294-6868

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358 Simcoe ST