171 King Lane

Simcoe, Norfolk, N3Y 3Z8
FOR SALE
$549,900
171 King Lane, Norfolk
171 King Lane
171 King Lane
171 King Lane
171 King Lane
171 King Lane
171 King Lane
171 King Lane
171 King Lane
171 King Lane
171 King Lane
171 King Lane
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171 King Lane
171 King Lane
171 King Lane
171 King Lane
171 King Lane
171 King Lane
171 King Lane
171 King Lane
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4 + 1
BEDROOMS
2
BATHROOMS
1 + 1
KITCHENS
9
ROOMS
X8253380
MLSID
Contact Us
Property Description
Investors/Renovators....possible 3plex, large 1665sqft home. Spacious living room, natural light through the front windows. Flow seamlessly into the dining room, open layout offers a seamless transition into the kitchen. Here, you'll discover ample cupboard space and convenient access to the 2nd entrance. Down the hall is the primary bedroom, main 3-piece bath and 2 comfortably sized bedrooms. 4th bedroom, tucked away for added privacy, along with laundry room and a sunroom boasting panoramic views of the backyard. Sliding doors to the back patio, this sanctuary is the perfect spot to unwind and soak in the beauty of nature. The lower level, where endless possibilities await. Spacious rec room, 2nd kitchen, & dining area, ideal for hosting guests. 3-piece bathroom, bedroom and utility room. With a layout conducive to multi-family living or the potential for rental income, this home presents a rare opportunity for investment and versatility.
Extras
Garden Shed
Property Features
Public Transit, School
Property Details
Street
Community
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1500-2000
Lot Size
108' x 89'
Acreage
< .50
Lot Irregularities
107.72Ft/88.61Ft/58.86Ft/100.66Ft
Fronting
East
Taxes
$3,306 (2023)
Basement
Part Fin, Sep Entrance
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
None
Room Summary
RoomLevelSizeFeatures
KitchenMain12.66' x 21.82'
FamilyMain14.67' x 21.82'
Prim BdrmMain12.99' x 11.68'
2nd BrMain9.51' x 10.66'
3rd BrMain10.24' x 12.99'
BathroomMain6.82' x 9.51'4 Pc Bath
4th BrMain10.93' x 14.07'
LaundryMain10.93' x 7.84'
SunroomMain15.32' x 13.48'Sliding Doors
KitchenBsmt11.91' x 30.09'
RecBsmt13.32' x 15.49'
Norfolk Market Statistics
Norfolk Price Trend
171 King Lane is a 4-bedroom 2-bathroom home listed for sale at $549,900, which is $105,350 (16.1%) lower than the average sold price of $655,250 in the last 30 days (April 2 - May 1). During the last 30 days the average sold price for a 4 bedroom home in Norfolk declined by $619,750 (48.6%) compared to the previous 30 day period (March 3 - April 1) and up $255,250 (63.8%) from the same time one year ago.
Inventory Change
There were 6 4-bedroom homes listed in Norfolk over the last 30 days (April 2 - May 1), which is down 0.0% compared with the previous 30 day period (March 3 - April 1) and up 20.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Norfolk typically sold ($30,912) (4.7%) below asking price over the last 30 days (April 2 - May 1), which represents a $5,913 decrease compared to the previous 30 day period (March 3 - April 1) and ($49,900) more than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Norfolk over the last 30 days (April 2 - May 1) stood at 133.3%, up from 16.7% over the previous 30 days (March 3 - April 1) and up from 60.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Norfolk stood at 48 days when successfully sold over the last 30 days (April 2 - May 1), compared to 133 days before being removed from the market upon being suspended or terminated.
Listing contracted with Keller Williams Edge Realty
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