358 Simcoe Street, London East (East K) ON

About 358 Simcoe Street

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:56071). Get more information on 358 Simcoe Street

Property Features

Appliances:  Dishwasher, Dryer, Hot Water Instant, Two stoves, Washer, Two Refrigerators
Features:  Flat site
Landscape:  Landscaped
Rental Equipment:  None
Directions:  Cross Streets: Wellington/Horton. ** Directions: Driving North down Wellington turn east onto Simcoe St., the house will be on your left hand side.
Zoning Description:  R3-1
Interior Size:  1500 - 2000 sqft
Amenities:  Separate Electricity Meters
Lot:  39 x 165 FT 39 x 165 FT
Exterior Finish:  Vinyl siding
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Other / None
Age: 100+ years
Foundation: Block, Poured Concrete, Brick
Basement:  N/A (Unfinished) Unfinished

Rooms & Sizes

Laundry room Lower level 3.17 m x 5.66 m	Utility room Lower level 3.52 m x 8.28 m	Utility room Lower level 6.94 m x 5.83 m
Kitchen Main level 3.11 m x 4.92 m	Living room Main level 5.24 m x 4.93 m	Bathroom Main level 2.03 m x 1.92 m
Dining room Main level 4.74 m x 3.37 m	Living room Main level 4.14 m x 4.22 m	Bedroom Main level 3.04 m x 3.96 m
Bedroom 2 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 room Main level 2.88 m x 2.42 m	Bedroom Main level 2.88 m x 2.42 m	Sunroom Main level 4.22 m x 1.85 m