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East K, London East
$369,900
Welcome to 225 Simcoe Street - a fully renovated, move-in ready bungalow in the heart of London's SOHO district that delivers incredible value at an entry-level price point.This updated 3-bedroom home offers a bright, open-concept living and dining space, a clean modern kitchen, a full 4-piece bath, and the added convenience of main floor laundry. The interior has been thoughtfully refreshed, giving you a stylish, low-maintenance home you can enjoy immediately.Even better - most of the furniture is included (excluding a few items), making this a true turnkey opportunity for first-time buyers or investors looking for a seamless setup.The 28 x 50 ft lot provides just enough outdoor space for a patio or garden without the hassle of heavy upkeep - a perfect condo alternative with no fees. One parking space is available via a shared driveway.Location is everything, and this one delivers - just minutes to downtown London, major bus routes, and key amenities.Opportunities like this don't last. With strong rental potential and proven income history, this property is an easy decision for anyone looking to get into the market or add to their portfolio.Act fast - homes at this price point in this condition are rare and move quickly.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $1,408 |
| Lot Size | 28 ft x 50 ft |
| mls© Number | X13113894 |
| Listed By | TEAM GLASSER REAL ESTATE BROKERAGE INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $1,893
- Property tax
- $117
- Heat allowance
- $150
- Housing costs
- $2,161 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$66,000
gross annual household income
- Payment at 4%
- $1,557 / mo
- Cash down
- $73,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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