$369,900
Est. $1,733/mo mortgage
225 Simcoe Street · London East, N6B 1J3
MLS® X13113894
Listed May 11, 2026
Listing courtesy of Team Glasser Real Estate Brokerage INC.·Updated May 15
Description
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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Property details
Interior
- Size
- 700-1100 sqft
- Rooms
- 5 rooms
- Bathrooms
- 1 × 4-piece on Main
- Basement
- Other, Unfinished
- Heating
- Heat Pump
- Cooling
- Wall Unit(s)
Building & lot
- Type
- Detached, Bungalow
- Lot size
- 28 × 50 ft
- Exterior
- Stucco (Plaster)
- Foundation
- Unknown
- Roof
- Shingles
- Water & sewer
- Sewer
Parking
- Driveway
- Mutual (1 spaces)
- Parking
- 1 spaces
Fees & taxes
- Property tax
- $1,408/yr (2025)
Rooms
Main
- Bedroom
- 4.21 × 2.56 m
- Bedroom 2
- 3.29 × 2.59 m
- Bedroom 3
- 3.05 × 2.44 m
- Living Room
- 4.48 × 3.78 m
- Kitchen, B/I Dishwasher
- 4.18 × 2.74 m
AI property estimate
Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.
71% confidence · 40 sold homes within 2 km, by price per sq ft
Monthly paymentest. $2,283/mo all in
Monthly payment estimate
Land transfer tax$4,024 on closing
Ontario LTT
$4,024
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed May 11, 2026
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
Sold comparables nearby
Sold$465,000
367 Maitland Street, London East
Sold$415,000
119 ALEXANDRA Street, London South
See what these 6 homes sold for
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Market conditionsBuyer's market in Old East Village
Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 95.1% of asking.
Avg. sold price
$428,000
Sale-to-list ratio
95.1%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $93,000 household income
Minimum household income required
$93,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Ask Colin →Rental market$2,250/mo median for 3 bed nearby
$2,250/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 59 leases.
What comparable homes actually leased for, not an estimate of what this one would rent for. Rent depends on condition, finishes and timing in ways this figure cannot see.
Similar Listings
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
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