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:47421)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Bedrooms
3
Bathrooms
2
Lot
39 x 165 ft
Amenities Nearby
Hospital, Public Transit, Place of Worship
Equipment
None
Features
Flat site
Listing Contract Date
2026-03-04
Location Description
Cross Streets: Wellington/Horton. ** Directions: Driving North down Wellington turn east onto Simcoe St., the house will be on your left hand side.
Ownership Type
Freehold
# of Parking Spaces
5
Property Type
Single Family
Rental Equipment
None
Structures
Patio(s), Porch
Transaction Type
For sale
Zoning Description
R3-1
Building
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
Type
House
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
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
Parking Spaces
Name
Spaces
No Garage
Utilities
Type
Description
Cable
Installed
Electricity
Installed
Sewer
Installed
Land
Total Size
39 x 165 FT
Amenities
Hospital, Public Transit, Place of Worship
Landscape Features
Landscaped
Sewer
Sanitary sewer
Size of Irregular Land
39 x 165 FT
Surface Water
River/Stream
Terms of Use
Please review and agree to the following terms of use to access the listing content:
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA's By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA;
The information contained on this site is based in whole or in part on information that is provided by members of CREA, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy;
This website is operated by a brokerage or salesperson who is a member of CREA;
The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.
The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
