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.
Address
31 Oakwood Avenue
List Price
$559,000
MLS® Status
Sold Conditional
Expiration Date
2026-04-30
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
Bungalow-Raised
Transaction Type
Sale
Area
Norfolk
Sub-Area
Simcoe
Bedrooms
3 + 2
Bedrooms (Total)
5
Rooms Above Grade
8
Bathrooms
2
Floor Area
700-1100 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
46.84
Lot Shape
Rectangular
Lot Size Range (Acres)
Not Applicable
Lot Size Units
Feet
Lot Width
112.18
Parcel Number
502360038
Parcel of Tied Land
No
Occupant Type
Tenant
Cross Street
Potts Rd
Approx. Age
51 - 99 Years
MLS® Number
X12530606
Listing Brokerage
REAL BROKER ONTARIO LTD.
Basement Area
Finished, Separate Entrance
Postal Code
N3Y 1H5
Posession Details
Buyers to assume tenants that are leased until April 30, 2026
Parking Places (Total)
3
Parking Spaces
2
Tax Amount
$3,415.10
Tax Year
2025
Site Influences
Porch, School, School Bus Route
Accessibility Features
Parking
Exterior Features
Porch
Interior Features
In-Law Capability, In-Law Suite, Separate Heating Controls, Separate Hydro Meter, Water Heater Owned
Property Features
School, School Bus Route
Cable
Yes
Central Vacuum
No
Family Room
Yes
Hydro
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active Under Contract
Senior Community
No
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick, Concrete Poured
UFFI
No
Direction Faces
North
Fireplace
No
Foundation Details
Concrete
Garage
Yes
Garage Type
Attached
Covered Spaces
1
Kitchens Total
2
Kitchens Above Grade
2
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
LT 36 PL 85B; PT LT 35 PL 85B PT 1 37R6612 NORFOLK COUNTY
Waterfront
No
Sewer
Sewer
Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Living Room | 3.89 x 3.48 | |
| Main | Kitchen | 2.03 x 3.02 | |
| Main | Dining Room | 2.9 x 3.12 | |
| Main | Bedroom | 3.38 x 3.02 | |
| Main | Bedroom 2 | 3.12 x 2.39 | |
| Main | Bedroom 3 | 2.26 x 3.48 | |
| Main | Bathroom | 2.08 x 2.13 | 4 Pc Bath |
| Main | Foyer | 1.37 x 3.48 | |
| Main | Other | 4.04 x 1.63 | Walk-Thru |
| Lower | Living Room | 4.17 x 3.48 | |
| Lower | Kitchen | 3.2 x 3.02 | |
| Lower | Bedroom 4 | 3.91 x 3.48 | |
| Lower | Bedroom 5 | 2.26 x 2.59 | |
| Lower | Office | 3.38 x 3.48 | |
| Lower | Bathroom | 2.26 x 1.65 | 4 Pc Bath |
| Lower | Furnace Room | 2.57 x 3.02 | |
| Lower | Other | 3.45 x 1.27 | Walk-Thru |
| Lower | Foyer | 1.91 x 2.13 |