225 Simcoe Street
London East, N6B 1J3·MLS® X13113894·
Listing courtesy of Team Glasser Real Estate Brokerage INC.·Updated May 15
Listing price
$369,900
Est. $1,762/mo
Days on market
Listed May 11, 2026
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.
Property details
Basement
Other, Unfinished
Parking
1 spaces
Type
Detached — Bungalow
Heating
Heat Pump
AI property estimate
82% confidence · 8 comparable sales analysed
Location & neighbourhood
London East, ON
Established neighbourhood with character homes and walkable local businesses south of downtown.
Monthly payment estimate
Land transfer tax
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
Sold comparables nearby
Sold$675,000
238 Ridout Street, London South
Sold$304,000
706 Nelson Street, London East
See all 10 comparables
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Market conditions · East K
Avg. sold price
$682,400
+5.2%
Avg. days on market
18
−3d
Sale-to-list ratio
101.2%
+0.8%
Investment analysis
Est. monthly rent
$1,480
Rental yield
4.8%
Est. cash flow
-$1,009
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$93,355
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$381,367
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