6 days on Market

524 Simcoe St, London East, Ontario N6B 1K4

Detached
5
2
~1500-2000 sqft
$379,900
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Detached
5
2
~1500-2000 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$221/sqft

Est. Mortgage$1,632/mo

Tax Amount (2024)$2,281/yr

Days On Market6 days


Description

Incredible opportunity in the heart of London! Welcome to 524 Simcoe Street a spacious detached home currently used as a single-family residence, but formerly configured as a duplex (main level 3 bed, 1 bath + upper level 1 bed, 1 bath unit). Offering over 1,800 sq ft of potential, this home features 5 bedrooms, 2 full bathrooms, and a second living room upstairs, making it ideal for multi-generational living or a creative conversion back to income-generating use. The layout provides flexibility for those looking to live in one unit and rent out the other, or for a large family wanting ample space. The upper level still has plumbing and electrical hookups in place where the former kitchen once was, offering an easy path to reinstating the second unit. The fenced backyard is perfect for kids or pets, and the generous parking area easily accommodates multiple vehicles. Located just minutes from downtown, public transit, schools, and amenities convenience is at your doorstep. The home needs some TLC, but for the right buyer investor, renovator, or first-time buyer with vision this is an excellent chance to build equity in a growing neighborhood. Whether you restore its duplex functionality or continue as a spacious single-family home, the options here are endless.


Property Details

Style2-Storey
View-
Age of property100+
SqFt~1500-2000 SqFt
Lot Size4,667 SqFt(100.3 x 46.54)
Parking Spaces6
MLS ®NumberX12114228
Community NameCentral London
Data SourceTRREB
Listing byTHE REALTY FIRM INC.

Features

Heating: Forced Air
Basement: Part Bsmt, Unfinished

Main Floor

Br

3.95 x 2.38

Mudroom

3.37 x 3.58

Bathroom

2.2 x 1.71

Kitchen

12.07 x 2.86


Features

Lot size: 4,667 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 6


Property listed by THE REALTY FIRM INC., Brokerage
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Market Data - Central London

Geo Zone Map ThumbnailCentral London

Strong Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

24 days

Compared to

2024

20 days

2023

14 days

2022

7 days

New Listings

Past 30 days

20 listings

Compared to

2024

11 listings

2023

9 listings

2022

16 listings

Units sold

Past 30 days

3 units

Compared to

2024

10 units

2023

7 units

2022

5 units

Median Sold Price

Past 30 days

$498,000

Compared to

2024

$635,000

2023

$410,000

2022

$495,000


Population and Demographics

Overview

Total population 16774
Average household income $95,260

Age (%)

20 to 34
38%
50 to 64
18%
35 to 49
17%
65 and plus
16%
0 to 19
10%

Household composition (%)

Single person
57%
Single family
33%
Multi person
10%
Multi family
0%

Mother tongue (%)

English
87%
Others
4%
Spanish
3%
Arabic
2%
French
2%
Portuguese
1%

House tenancy (%)

Renters
77%
Owners
23%

Schools and amenities

Estimated Budget