31 Oakwood Avenue Simcoe, Ontario N3Y 1H5

5 Bedroom 2 Bathroom 1,658 ft2
Central Air Conditioning Forced Air

$564,500

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. (id:61594)

Property Details

MLS® Number 40800322
Property Type Multi-family
Amenities Near By Schools
Parking Space Total 3

Building

Bathroom Total 2
Bedrooms Total 5
Appliances Microwave, Window Coverings, Garage Door Opener
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1968
Cooling Type Central Air Conditioning
Exterior Finish Brick, Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 1
Size Interior 1,658 Ft2
Type Duplex
Utility Water Municipal Water

Parking

Attached Garage

Land

Access Type Road Access
Acreage No
Land Amenities Schools
Sewer Municipal Sewage System
Size Frontage 112 Ft
Size Total Text Under 1/2 Acre
Zoning Description R2

https://www.realtor.ca/real-estate/29278967/31-oakwood-avenue-simcoe

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