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$564,500

Est. payment - /mo

5 Beds

2 Baths

Price Dropped by $10K

31 Oakwood AVE Norfolk, ON N3Y 1H5

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Kenneth Yim

ken@broadviewavenue.ca +1(647) 496-2269

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Key Details

Property Type Single Family Home, Condo

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 700-1100

Subdivision Simcoe

MLS Listing ID X12530606

Style Bungalow-Raised

Bedrooms 5

Annual Tax Amount $3,415

Tax Year 2025

Property Sub-Type Detached

Property Description

Attention investors and smart owner-occupants. This solid all-brick bungalow is located in a quiet, family-friendly neighbourhood in Simcoe and is currently configured as a duplex-style residence, offering flexible income and living potential.The main floor unit features a bright layout with three bedrooms, kitchen, bathroom, and access to the attached garage. The lower-level suite, complete with a separate entrance, includes two bedrooms, a four-piece bathroom, a spacious recreation room, and a dedicated laundry area-ideal for generating rental income or providing extended family accommodations.This property is a registered legal rental with Norfolk County and benefits from separately metered hydro for each level, allowing for independent utility management and simplified cost recovery. Recent updates include the roof, windows, and mechanical systems, enhancing long-term reliability and reducing future capital expenditures.Well-suited for investors seeking a turnkey income property or owner-occupants looking to offset mortgage costs, this versatile home offers strong functionality, durable construction, and excellent income potential in a desirable Simcoe location.

Location

Province ON

County Norfolk

Area Norfolk

Zoning R2

Rooms

Basement Finished, Separate Entrance

Kitchen 2

Interior

Interior Features In-Law Capability, In-Law Suite, Separate Heating Controls, Separate Hydro Meter, Water Heater Owned

Cooling Central Air

Inclusions Refrigerator and Stove on both levels, and Washer and Dryer on both levels, Outside garden shed, and BBQ.

Exterior

Exterior Feature Porch

Parking Features Attached

Garage Spaces 1.0

Pool None

Roof Type Asphalt Shingle

Total Parking Spaces 3

Building

Building Age 51-99

Foundation Concrete

Others

ParcelsYN No

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Kenneth Yim

Broker of Record | License ID: 9524831

+1(647) 496-2269

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