31 OAKWOOD Avenue, Simcoe, Ontario, N3Y1H5

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, 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. (id:64974)

Quick Facts

• Property Type: House (Freehold)
• Style: Raised bungalow
• Bedrooms: 5 (3 above, 2 below)
• Bathrooms: 2
• Living Area: 1,658 sq ft (154.0 m²)
• Above Grade: 855 sq ft (79.4 m²)
• Below Grade: 803 sq ft (74.6 m²)
• Year Built: 1968
• Ownership: Freehold
• Attached: No
• Parking: 3 spaces (Attached Garage)
• Frontage: 112 ft (34.1 m)

Costs

• Annual Taxes: $3,415.10

Listing Provided by: Real Broker Ontario Ltd.
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.