$559,000
$559,000
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31 Oakwood Avenue Simcoe, ON N3Y 1H5
5 Beds
2 Baths
855 SqFt
Key Details
Sold Price $559,000
Property Type Multi-Family
Sub Type Duplex Up/Down
Listing Status Sold
Purchase Type For Sale
Square Footage 855 sqft
Price per Sqft $653
MLS Listing ID 40810162
Sold Date 06/01/26
Bedrooms 5
Abv Grd Liv Area 1,658
Year Built 1968
Annual Tax Amount $3,415
Property Sub-Type Duplex Up/Down
Source Cornerstone
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
State ON
County Norfolk
Area Town Of Simcoe
Zoning R2
Direction Hwy #3 to Ireland Rd, Turn right onto Victoria St, turn left onto Oakwood Avenue, follow to the corner of Potts Rd and Oakwood Ave.
Rooms
Basement Separate Entrance, Full, Finished
Kitchen 0
Interior
Interior Features Separate Heating Controls, Separate Hydro Meters
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Window Features Window Coverings
Appliance Hot Water Tank Owned, Dishwasher, Dryer, Refrigerator, Stove, Washer
Laundry In-Suite
Exterior
Parking Features Attached Garage
Garage Spaces 1.0
Roof Type Asphalt Shing
Lot Frontage 112.18
Garage Yes
Building
Lot Description Rectangular, Dog Park, Schools
Faces Hwy #3 to Ireland Rd, Turn right onto Victoria St, turn left onto Oakwood Avenue, follow to the corner of Potts Rd and Oakwood Ave.
Story 1
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick,Concrete
New Construction No
Schools
Elementary Schools St Joseph'S School
High Schools Simcoe Composite School
Others
Senior Community No
Tax ID 502360038
Ownership Freehold/None
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