$474,900

For sale

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149 Main Street, Norfolk (Simcoe) - Multi-family for Sale

149 Main Street, Norfolk (Simcoe), Ontario, N3Y2M2

5 beds2 baths3 parking lot size

39 Kent Street North, Norfolk (Simcoe), Ontario, N3Y3S1

12,100 ft²

Listed by KELLER WILLIAMS ADVANTAGE REALTY

36 Norfolk Street South, Norfolk (Simcoe), Ontario, N3Y2V9

For sale

138 days ago

$320K

36 Norfolk Street South, Norfolk (Simcoe), Ontario, N3Y2V9

1 bd1 ba

Listed by NORTH 2 SOUTH REALTY

Investment analysis

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$474,900

Norfolk

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Description

Two story Duplex with a metal roof (2020) in the Heart of Simcoe. The Main Floor of 1157 Sq Ft. features 1-Four piece bath, Two generously sized bedrooms, an open concept kitchen/dining room, a Den which could be used as a third bedroom or an office, and a large living room. The Second Floor of 919 sq ft Features 1 - Three Piece Bath, One Large Bedroom, a den which could be used as an office or nursery, Kitchen, and a massive Living room. Duplex has private single lane parking, with double wide parking at the back of the property. Would be a great Property for the first time home buyer to live in while renting out the upstairs, or to start or add to any investment portfolio. (id:66096)

Property Details

MLS®: X12972506
Property Type: Multi-family
Zoning: R2
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 2
Parking: 3
Lot Size: 87 × 108 ft (9,385 sq ft)
Frontage: 86 ft
Storeys: 2
Basement: Unfinished, Partial
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Property Tax: $3,131.96/yr
Listed: 210 days ago

Market Timing

Days on market

210d

Norfolk (Simcoe) listings, avg age

68d

List price

$475K

Homes here sell slower than most markets

Sold homes in this market spent an average of 62 days on the market over the past year, against a median of 48 days across the markets we publish.

Area context

Neighbourhood profile (N3Y)

This home lists at $474,900, about 6.1× the local median household income of $77,500.

Carrying it typically needs a household income of about $92,765 (20% down, 25-yr amortization, stress-tested) — roughly 20% above the area median.

Median household income: $77,500
Population: 23,402
Median age: 49.2
Owner / renter: 75% / 25%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N3Y)

$474,900

For sale

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Full Cost Breakdown

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Down Payment5% · $23,745

Min 5%50%

Mortgage payment$2,501/mo

↳ CMHC premium ($18,046 capitalized)

Property tax (est.)$261/mo

Total monthly$2,762

Cash Needed to Close

Down payment (5%)$23,745

Land transfer tax$5,973

Est. closing costs$3,925

Total cash needed$33,643

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

149 Main Street, Norfolk (Simcoe) - Multi-family for Sale

Rental cashflow calculator

Description

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Neighbourhood profile (N3Y)

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