Primary photo of 367 NORFOLK Street N, Simcoe
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House For Sale

$550,000

MLS® Number: 40820603

Bedrooms

4

Bathrooms

3

Floor Area

2,302

Year Built

1956

367 NORFOLK Street N, Simcoe, Ontario

About This Property

WOW!!! $4,221/Month in Rental Income! Versatile Legal Duplex with 3 Self-Contained Units in Prime Simcoe Location! Welcome to this solid brick 1.5 storey home offering three self-contained units, perfectly suited for investors, multi-generational living, or those looking to offset their mortgage with rental income. Located in a highly walkable area of Simcoe, close to amenities, schools, and transit, this property offers both lifestyle and long-term value. Currently fully tenanted with excellent tenants who would love to stay, this home provides immediate, reliable income. At the same time, its flexible layout offers the option for future owner-occupancy! Live in one unit while the others help pay your mortgage! The property features a spacious 2-bedroom main floor unit, a bright upper-level unit, and a lower-level studio apartment with walk-out! There is ample parking for four vehicles including convenient rear access from Hawthorne Ave. Utilities (heat, hydro, water & A/C) are currently included in rent, supporting strong tenant retention and ease of management. Solid construction and functional layouts make this a low-maintenance, turnkey opportunity! Generate $4,221/month in income today while securing a property with flexible living options and future upside. Whether you’re looking to invest, live, or both, this is a rare opportunity to own a versatile, income-generating property in a desirable Simcoe neighbourhood.

Property Details

Interior Details

Appliances

Washer, Dryer

Basement

Partially finished, Full

Bathrooms Total

3

Bedrooms Total

4

Cooling

Central air conditioning

Fireplace Features

Electric, Other - See remarks

Fireplace

True

Fireplaces Total

1

Heating

Forced air, Natural gas

Living Area

2302 sqft

Building & Exterior

Exterior Features

Vinyl siding, Brick Veneer

Foundation Details

Block

Number Of Units Total

0

Parking Features

Open

Stories

1.0

Year Built

1956

Land & Location

Community Features

High Traffic Area, Community Centre

Frontage Length

40.0 feet

Lot Features

Paved driveway, Crushed stone driveway, In-Law Suite

Postal Code

N3Y3P4

Subdivision Name

Town of Simcoe

Listing & Financials

Listing Office

Royal LePage Burloak Real Estate Services

Originating System Name

Cornerstone Association of REALTORS®

Other Specifications

Common Interest

Freehold

Country

Canada

Parking Total

4

Mortgage Calculator

20% ($110,000)
5.5%
25 Years

Estimated Monthly Payment

$2,702

Principal and interest only. Actual rates may vary.

Location & Map

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