368-3689910_homelife-bayside-realty-ltd-brokerage

Vikas Palan Sales Representative Homelife Super Stars Real Estate LTD

Call Now: 416-939-2500 Email: vikas@vikaspalan.com
358 Simcoe Street, London East, ON N6B 1J7
$465,000
  • Sale
  • Detached
  • 22 days ago
  • Updated: 2026-03-09

Overview

  • Detached
  • 3
  • 2
  • 5
  • 1500-2000
  • 100+

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.

Details

  • X12842376
  • 5
  • $465,000
  • Tenant
  • None
  • 2 + 2
  • Bungalow
  • 3
  • 2
  • 1500-2000 Sqft
  • 6435 SquareFeet
  • 100+
  • Detached
  • Sale

Additional details

  • Radiant / Other
  • R3-1
  • $3319
  • 2025
  • PT LT 7 , N/E SIMCOE STREET , AS IN 932726 ; LONDON
  • N/A
  • N
  • 6435
  • Unfinished
  • None
  • Patio,Porch,Landscaped
  • River/Stream,Hospital,Public Transit,Place Of Worship
  • Municipal

Rooms

KitchenMain Level4.92 x 3.11
Dining RoomMain Level3.37 x 4.74
Living RoomMain Level4.22 x 4.14
BedroomMain Level3.96 x 3.04
Bedroom 2Main Level3.05 x 3.11
BathroomMain Level2.17 x 2.51
KitchenMain Level3.04 x 3.99
Dining RoomMain Level2.42 x 2.88
BedroomMain Level2.42 x 2.88
SunroomMain Level1.85 x 4.22
Living RoomMain Level4.93 x 5.24
BathroomMain Level1.92 x 2.03
LaundryLower Level5.66 x 3.17
Utility RoomLower Level8.28 x 3.52
Utility RoomLower Level5.83 x 6.94

Schools Nearby

Mortgage Calculator

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Estimate Your Rental Return

Enter your expected mortgage, annual expenses, and rental income to calculate monthly cash flow for this Toronto investment property.

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costs vs rent

Toronto · Ontario  ·  Estimates only. Not financial or investment advice. Consult a licensed mortgage broker and accountant before making investment decisions.

FAQ
  • What is the total square footage of the X12842376 - 358 Simcoe Street, London East, ON N6B 1J7?

    The total square footage of this property is 1500-2000 SqFt.

  • What schools near to X12842376 - 358 Simcoe Street, London East, ON N6B 1J7?

    .

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