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:63740)
| MLS® Number | X12842376 |
| Property Type | Single Family |
| Community Name | East K |
| Amenities Near By | Hospital, Public Transit, Place Of Worship |
| Equipment Type | None |
| Features | Flat Site |
| Parking Space Total | 5 |
| Rental Equipment Type | None |
| Structure | Patio(s), Porch |
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Total | 3 |
| Age | 100+ Years |
| 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 Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Block, Poured Concrete, Brick |
| Heating Fuel | Other |
| Heating Type | Radiant Heat |
| Stories Total | 1 |
| Size Interior | 1,500 - 2,000 Ft2 |
| Type | House |
| Utility Water | Municipal Water |
| No Garage |
| Acreage | No |
| Land Amenities | Hospital, Public Transit, Place Of Worship |
| Landscape Features | Landscaped |
| Sewer | Sanitary Sewer |
| Size Depth | 165 Ft |
| Size Frontage | 39 Ft |
| Size Irregular | 39 X 165 Ft |
| Size Total Text | 39 X 165 Ft |
| Surface Water | River/stream |
| Zoning Description | R3-1 |
| 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 |
| Cable | Installed |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/29424610/358-simcoe-street-london-east-east-k-east-k
Contact us for more information
Craig Durand
Salesperson
(519) 649-1888
(519) 649-1888
www.soldbyblue.ca/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
Owning a home is a keystone of wealth… both financial affluence and emotional security.
