Property Information:

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:27)

Building Features:

Style: Detached
Building Type: House
Amenities: Separate Hydro Meters
Architectural Style: Bungalow
Basement Development: Unfinished
Basement Type: N/A
Construction Style - Attachment: Detached
Exterior Finish: Vinyl siding
Floor Space: 1500 - 2000 sqft Square Feet
Foundation Type: Block, Poured Concrete
Heating Type: Radiant heat
Heating Fuel: Other
Cooling Type: None
Appliances: Dishwasher, Dryer, Two stoves, Washer

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 3
Bathrooms: 2
Amenities Nearby: Hospital, Public Transit
Features: Flat site
Floor Space (approx): 1500 - 2000 Square Feet
Irregular: Yes
Landscape Features: Landscaped
Lot Depth: 165 Feet
Lot Frontage: 39 Feet
Lot Size: 39 x 165 FT
Structure Type: Patio(s), Porch
Surface Water:
Utility Type: Cable - Installed, Hydro - Installed, Sewer - Installed
Zoning: R3-1
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 5

Rooms:

Laundry Lower Level 3.17 m x 5.66 m
Utility Lower Level 3.52 m x 8.28 m
Utility Lower Level 6.94 m x 5.83 m
Kitchen Main Level 3.11 m x 4.92 m
Living Main Level 5.24 m x 4.93 m
Bathroom Main Level 2.03 m x 1.92 m
Dining Main Level 4.74 m x 3.37 m
Living Main Level 4.14 m x 4.22 m
Bedroom Main Level 3.04 m x 3.96 m
2nd Bedroom Main Level 3.11 m x 3.05 m
Bathroom Main Level 2.51 m x 2.17 m
Kitchen Main Level 3.99 m x 3.04 m
Dining Main Level 2.88 m x 2.42 m
Bedroom Main Level 2.88 m x 2.42 m
Sun Room Main Level 4.22 m x 1.85 m

Convert Measurement to:

Courtesy of: BLUE FOREST REALTY INC.

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Demographic Information of 358 SIMCOE STREET, London East (East K), Ontario, N6B 1J7

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$77,790.80

Average Number of Children

1.45

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.64 %

High school certificate or equivalent

29.01 %

Apprenticeship trade certificate/diploma

4.86 %

College/non-university certificate

22.36 %

University certificate (below bachelor)

2.06 %

University Degree

22.07 %

Commuter

Travel To Work

By Car

73.67 %

By Public Transit

10.79 %

By Walking

11.61 %

By Bicycle

0.0 %

By Other Methods

3.93 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

67.26 %

Houses

32.74 %

358 SIMCOE STREET, London East (East K), Ontario, N6B 1J7