$549,000

For sale

23 Homewood Avenue, Norfolk (Simcoe) - Single Family for Sale

23 Homewood Avenue, Norfolk (Simcoe), Ontario, N3Y2S9

3 beds2 baths3 parking900 ft²48 × 112 ft (5,376 sq ft) lot sizeListed 30 days ago

Overview

This 3-bedroom, 2-bathroom home in Norfolk is for sale offering roughly 900 sq ft of space. Listed at $549,000, it is attractively priced about 16% below the $650,000 median asking price in Norfolk. It has been on the market 30 days, fresher than the Norfolk average of 70 days.

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Description

Welcome to 23 Homewood Avenue in Simcoe! This versatile 3+1 bedroom, 2-bathroom home offers the perfect blend of comfortable family living and flexible space for extended family or additional income potential. The main floor features a bright, functional layout with a spacious living room that flows into the kitchen and dining area, creating an easy space for everyday living and entertaining. Three well-sized bedrooms and a 4-piece bathroom complete the main level. Downstairs, the fully separate lower-level living space offers even more possibilities with its own kitchen and dining area, living room, bedroom, and 3-piece bathroom. Whether you're looking for space for in-laws, older children, extended family, or a potential rental opportunity, this additional living area adds valuable flexibility. Situated in a convenient Simcoe neighbourhood close to schools, shopping, restaurants, parks, and everyday amenities, this home is an excellent opportunity for those looking for versatility without sacrificing location. Whether you're investing, accommodating multiple generations, or simply looking for a home with added income potential, 23 Homewood Avenue is ready to fit your needs. (id:66096)

Property Details

MLS®: X13871042
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 3
Interior Size: 900 ft²
Lot Size: 48 × 112 ft (5,376 sq ft)
Frontage: 48 ft
Storeys: 1
Style: Bungalow
Basement: Partially finished, Full, Apartment in basement, Separate entrance, N/A, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Carport, No Garage
Ownership: Freehold
Property Tax: $2,848.53/yr

Rooms

Main level

Living room: 3.63 x 5.31 meters
Kitchen: 3.44 x 2.66 meters
Dining room: 3.44 x 2.17 meters
Primary Bedroom: 3.62 x 3.8 meters
Bathroom: 2.4 x 2.2 meters
Dining room: 3.78 x 2.11 meters

Basement

Bathroom: 1.17 x 3.36 meters
Utility room: 2.41 x 3.55 meters
Laundry room: 3.68 x 4.29 meters
Kitchen: 3.78 x 2.72 meters

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Window Coverings
Foundation: Concrete
Exterior: Brick
Lot Features: In-Law Suite

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

30d

Norfolk (Simcoe) listings, avg age

70d

Price / ft²

$610

List price

$549K

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.

Haho

This 3-bed single family in Norfolk (Simcoe) has been listed for 30 days, which is 40 days fresher than the city average of 70. Act while there is still low competition.

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Listed by REAL BROKER ONTARIO LTD. · CHRIS COSTABILE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N3Y)

This home lists at $549,000, about 7.1× the local median household income of $77,500.

Carrying it typically needs a household income of about $107,239 (20% down, 25-yr amortization, stress-tested) — roughly 38% 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)

$549,000· $610/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $29,900.00

Min 5.45%50%

Mortgage payment$2,878/mo

↳ CMHC premium ($20,764 capitalized)

Property tax (est.)$237/mo

Total monthly$3,115

Cash Needed to Close

Down payment (5.45%)$29,900

Land transfer tax$7,455

Est. closing costs$4,147

Total cash needed$41,502

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