London East N6B 1J7 Ontario
MLS: X12842376
Added 1 hour ago | For Sale
Listed by: BLUE FOREST REALTY INC.
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.
| Level | Type | Features | Dimensions |
|---|---|---|---|
| Main | Kitchen | 10 ft, 2 in x 16 ft, 2 in | |
| Dining Room | 15 ft, 7 in x 11 ft, 1 in | ||
| Living Room | 13 ft, 7 in x 13 ft, 10 in | ||
| Bedroom | 10 ft x 13 ft | ||
| Bedroom 2 | 10 ft, 2 in x 10 ft | ||
| Bathroom | 8 ft, 3 in x 7 ft, 1 in | ||
| Kitchen | 13 ft, 1 in x 10 ft | ||
| Dining Room | 9 ft, 5 in x 7 ft, 11 in | ||
| Bedroom | 9 ft, 5 in x 7 ft, 11 in | ||
| Sunroom | 13 ft, 10 in x 6 ft, 1 in | ||
| Living Room | 17 ft, 2 in x 16 ft, 2 in | ||
| Bathroom | 6 ft, 8 in x 6 ft, 4 in | ||
| Lower | Laundry | 10 ft, 5 in x 18 ft, 7 in | |
| Utility Room | 11 ft, 7 in x 27 ft, 2 in | ||
| Utility Room | 22 ft, 9 in x 19 ft, 2 in |
No property rooms available.
