36 Norfolk Street, Norfolk, ON
Property Highlights
Welcome to this remarkable Other multiplex located in the coveted neighborhood of Simcoe. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $319,900 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.
- 1 Bedroom and 1 Bathroom
- Generous living space spanning 3000-3500 sqft on a spacious lot (Feet)
- Features a full basement, adding superb versatility for recreation, a home gym, or extra storage
- 0.0 total parking spaces available
- Notable attributes: Other
- Efficient forced air heating via gas
Description
Handyman Special in Downtown Simcoe! This mixed-use commercial and residential building offers just under 3,500 sq/ft plus a basement and is ready for someone willing to put in the work. The main floor features approximately 2,000 sq/ft of commercial space in a high-traffic downtown location. Upstairs includes a 1-bedroom apartment and an additional commercial studio that could continue as commercial space or potentially be converted into a second apartment. With 600-volt, 225-amp power and a flexible layout, the property offers plenty of potential for an owner-operator, investor, or contractor looking to renovate and add value. Repair and updating are required, but the opportunity is there to create multiple income streams in a prominent downtown location.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 36 Norfolk Street S, Norfolk, ON N3Y 2V9
Based on 0 recent similar sales in the pocket.
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 $319,900 in Norfolk, the legal minimum down payment is $15,995 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 $3,274 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 $3,274.
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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.