302 Chapel Street, Norfolk, ON
Property Highlights
Welcome to this remarkable 2-Storey duplex located in the coveted neighborhood of Simcoe. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $499,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 41.69 x 92.53 ft lot
- 3.0 total parking spaces available
- Notable attributes: None
- equipped with central air central cooling and highly efficient baseboard heating via electric
Description
Legal Up/Down Duplex in the Heart of Simcoe! Welcome to 302 Chapel Street, a fantastic investment opportunity or ideal multi-generational home. This well-maintained two-storey duplex features two self-contained units, each offering 2 bedrooms and 1 full bathroom with functional layouts.The property has seen important updates including new siding completed two years ago, adding curb appeal and peace of mind. Both units come fully equipped with appliances, making this a turnkey opportunity for investors or owner-occupiers. Enjoy the convenience of separate gas, hydro, and water meters, allowing tenants to pay their own utilities. The property is fully rented with tenants who would love to stay, making this an ideal addition to any investment portfolio. Conveniently located close to downtown Simcoe, schools, and amenities, across the street is a large wooded park. A solid, low-maintenance income property in a desirable location
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 302 Chapel Street, Norfolk, ON N3Y 1P5
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Norfolk, ON
For a property listed at $499,000 in Norfolk, the legal minimum down payment is $24,950 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $6,455 for this transaction. As this listing is in Norfolk (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $6,455.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.