$420,000
FOR SALE

Detached Bungalow

Bedrooms: 3Bathrooms: 2Lot: 39 x 165 ft
2025 Taxes: $3,319

358 Simcoe St
London East, ON N6B 1J7 | East K | Middlesex

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.
Extras
Accessory Apartment, In-Law Capability, Primary Bedroom - Main Floor, Separate Hydro Meter
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Listed By BLUE FOREST REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12842376
Last Updated Apr 17, 2026
Property Summary
Property Type Detached

More like this:
PIN 083190083
Legal Description PT LT 7 , N/E SIMCOE STREET , AS IN 932726 ; LONDON
Possession Date Flexible - Ignore the possession date
Taxes (2025) $3,319
Directions/Cross Streets Wellington/Horton
Neighbourhood East K
Area Middlesex
Price History

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Detailed Information
Fronting On North
Special Designations Unknown
Included Cable TV
Bedrooms 3
Bathrooms 2
Lot 39 x 165 ft
Exterior Vinyl Siding
Air Conditioning None
Family Room Y
Basement Unfinished
Garage Type None
Parking Spaces 5
Heat Source Other
Heat Type Radiant
Sewers Sewer

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