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.
Listing IDX12842376
Address358 Simcoe Street
CityLondon East, Ontario
Price$484,000
Bed / Bath3 / 2 Full
StyleBungalow, Detached
ConstructionVinyl Siding
Land Size6435
TypeResidential
StatusFor Sale
