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31 Oakwood Avenue Simcoe, ON N3Y 1H5
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Key Details
Sold Price $559,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 855 sqft
Price per Sqft $653
MLS Listing ID 40810380
Sold Date 06/04/26
Style Bungalow Raised
Bedrooms 5
Full Baths 2
Abv Grd Liv Area 1,658
Year Built 1968
Annual Tax Amount $3,415
Property Sub-Type Detached
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, 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
Province 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
Main Level Bedrooms 3
Kitchen 2
Interior
Interior Features In-law Capability, In-Law Floorplan, Separate Heating Controls, Separate Hydro Meters, Water Meter
Heating Forced Air, Natural Gas, Gas Hot Water
Cooling Central Air
Fireplace No
Appliance Water Heater, Water Heater Owned, Dryer, Hot Water Tank Owned, Microwave, Refrigerator, Stove, Washer
Laundry Electric Dryer Hookup, Gas Dryer Hookup, Lower Level, Main Level, Sink
Exterior
Parking Features Attached Garage
Garage Spaces 1.0
Roof Type Asphalt Shing
Lot Frontage 112.18
Garage Yes
Building
Lot Description Urban, 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.
Sewer Sewer (Municipal)
Water Municipal-Metered
Architectural Style Bungalow Raised
Level or Stories 1
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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