31 Oakwood Ave

Simcoe, ON N3Y 1H5
  • $564,500

    Price
  • 5

    Bed
  • 2

    Bath
  • 855

    SqFt

About the Listing HBREALBRKRD - HBCOSTAPE,HBCOSTACH1

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.

Listing Highlights

Status Active
Days on Site 66
Property Type Residential
MLS ® 40786832
Year Built 1968
Total Square Footage 855
Lot/Acreage 112.18 x
County Norfolk
Elementary School St Joseph's School

Interior Details

  • Bedrooms: 5
  • Bathrooms: 2 Full
  • Appliances: Water Heater, Water Heater Owned, Dryer, Hot Water Tank Owned, Microwave, Refrigerator, Stove, Washer
  • Air Cond: Central Air
  • Heating: Forced Air,Natural Gas,Gas Hot Water
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft: 855
  • Below Ground Sq Ft: 803
  • Basement: Separate Entrance,Full,Finished
  • Other: In-law Capability,In-Law Floorplan,Separate Heating Controls,Separate Hydro Meters,Water Meter,2 Kitchens
  • Water: Municipal-Metered

Exterior Details

  • Lot Description: Urban,Rectangular,Dog Park,Schools
  • Garage Capacity: 1 car
  • Parking Spaces: 3
  • Lot Dimensions: 112.18 x
  • Zoning: R2
  • Roof: Asphalt Shing
  • Others: Fully Winterized
  • Sewer: Sewer (Municipal)
  • Parking Features: Private Drive Double Wide,Attached Garage

Financial Details

  • Tax Amount: N/A
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 502360038
  • Tax Year: N/A

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31 Oakwood Ave Simcoe, ON N3Y 1H5

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Originating MLS: Cornerstone

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