31 Oakwood Avenue

If you're on the lookout for a fantastic investment opportunity or a spacious family home, then you won't want to miss this Multi-Family Home for sale in Norfolk . Nestled at 31 Oakwood Avenue, Norfolk, this solid all-brick bungalow is perfectly situated in a quiet, family-friendly neighbourhood in Simcoe. With its flexible layout and ample space, this property is currently configured as a duplex-style residence, making it an ideal choice for both investors and those looking to occupy part of the home while generating rental income.

As you step into this Multi-Family Home for sale in Norfolk, you'll be greeted by a bright and welcoming main floor unit that boasts three well-sized bedrooms. The kitchen is functional and offers plenty of room for culinary creativity, while the bathroom is conveniently located nearby. One of the highlights of the main floor is the access to the attached garage, providing a seamless transition from your vehicle to your home. This added convenience is a real bonus, especially during those chilly Norfolk winters.

The lower-level suite of this property is equally impressive. It features a separate entrance, ensuring privacy for both units. Here, you'll find two additional bedrooms, perfect for guests or family members, along with a four-piece bathroom. The spacious recreation room is a fantastic spot for relaxation or entertaining, and the dedicated laundry area adds to the convenience of this well-thought-out design. This lower level is ideal for generating rental income or accommodating extended family, making this Multi-Family Home for sale in Norfolk a versatile choice.

One of the standout features of this property is that it is a registered legal rental with Norfolk County. This means you can enjoy peace of mind knowing that the property complies with local regulations. Additionally, the separately metered hydro for each level allows for independent utility management, making it easy to keep track of costs and ensuring that both you and your tenants can manage expenses effectively.

Recent updates to the property include a new roof, windows, and mechanical systems, which enhance its long-term reliability. This means you can invest in this Multi-Family Home for sale in Norfolk with confidence, knowing that significant capital expenditures have already been taken care of. The home is well-suited for those seeking a turnkey income property or owner-occupants who want to offset their mortgage costs while enjoying the benefits of a spacious and well-maintained home.

The property sits on a generous lot measuring 112 X 47 feet, providing ample outdoor space for various activities. Although there is no pool, the large yard offers plenty of room for children to play or for you to create your own garden oasis. The home is also equipped with central air conditioning, ensuring comfort throughout the warmer months, and the forced air heating system will keep you warm during the colder seasons.

Parking is a breeze with the attached garage space for one vehicle and additional parking for two more. While there is no driveway, the layout of the property ensures that parking is still convenient for residents and guests alike. The location of 31 Oakwood Avenue, Norfolk, is another highlight, as it places you within easy reach of local amenities and the charm of the Simcoe community.

In summary, this Multi-Family Home for sale in Norfolk is an exceptional opportunity for anyone looking to invest in a property that offers both living space and income potential. With its well-designed layout, recent updates, and prime location at 31 Oakwood Avenue, Norfolk, this home truly has it all. Whether you're an investor seeking a solid rental property or a family looking for a spacious home, this property is worth considering. Don't miss out on this chance to make it yours!

Simcoe, the charming heart of Norfolk County, is a delightful town that seamlessly blends rural charm with modern conveniences. Nestled amidst picturesque landscapes, it offers a serene environment characterised by lush parks, scenic trails, and a vibrant downtown area filled with quaint shops and local eateries. Residents enjoy a strong sense of community spirit, with numerous events and festivals that celebrate local culture and heritage. The town's strategic location provides easy access to nearby natural attractions, including Lake Erie, making it an ideal spot for those who appreciate both the tranquillity of small-town living and the beauty of the great outdoors. Whether you’re seeking a peaceful retreat or an active lifestyle, Simcoe presents a welcoming and enriching place to call home.

Schools in the Neighbourhood

The property is conveniently located near two schools, both of which are part of the Brant Haldimand Norfolk Catholic District School Board. St. Joseph's School is situated just 0.1 km away, offering a Catholic education in English for grades JK to 8. Additionally, Saint Joseph's School is even closer, at a distance of 0.0 km, and provides a Catholic education in French for the same grade levels. This proximity to educational institutions can be a significant advantage for families, as it allows for easy access to quality education within walking distance. Both schools cater to young learners, making them ideal choices for families with children in their early educational years. While the school ratings are currently listed as "0," it’s essential to consider the community's reputation and the schools' commitment to fostering a supportive learning environment. Overall, this location offers a promising educational landscape for families looking to settle in a nurturing community.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 500 residents, with an average household size of 2.3 individuals. The community has a relatively mature demographic, with an average age of 39.9 years. The average household income stands at $65,000, although a significant portion, 27.6%, falls within the low-income bracket. The real estate market shows an average property price of $395,000, reflecting the area's affordability. A notable 54.55% of the population is single, while 33.33% of households include children, indicating a mix of family structures. The area also has a diverse population, with 5.65% being immigrants. Rental properties are prevalent, with 50% of residents renting their homes, and there are currently no condominiums available in the area. Educational attainment is represented by 32.26% of residents holding a college or university degree. However, nearly half of the population, 49.46%, is not in the labor force, which may impact economic activity in the region. Overall, this demographic snapshot highlights a community with a blend of young families and singles, a mix of income levels, and a significant rental market.