31 Oakwood Avenue, Norfolk, ON
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Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Simcoe. Expertly crafted featuring premium brick and concrete poured construction, this residence presents an exceptional opportunity offered at $559,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 5 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 112.18 x 46.84 ft lot
- Features a finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available with a convenient attached configuration
- Notable attributes: In-Law Capability, In-Law Suite, Separate Heating Controls
- equipped with central air central cooling and highly efficient forced air heating via gas
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.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
School, School Bus Route
Interior Features
In-Law Capability, In-Law Suite, Separate Heating Controls, Separate Hydro Meter, Water Heater Owned
Security Features
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 31 Oakwood Avenue, Norfolk, ON N3Y 1H5
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Norfolk, ON
For a property listed at $559,000 in Norfolk, the legal minimum down payment is $30,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $7,655 for this transaction. As this listing is in Norfolk (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $7,655.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
