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Property Description
INVESTMENT OPPORTUNITY!!!! Welcome to 203 Grove St, Simcoe, ON *** DUPLEX *** This tenanted property is perfect for investors or anyone looking to expand their portfolio. 2 bedroom 1 bath unit on the second level ($1300 + utilities) and 1 bedroom 1 bath unit on ground level ($1200 + utilities) Separate meters for each unit. Both tenants will stay and are currently month to month. Beautifully maintained property right in the heart of Simcoe Ontario. With safety facilities in the area, help is always close by. Facilities near this home include a hospital, a police station, and a fire station within 33.55km. Keeping everyone safe and sound. Local public schools are very close to this home, as well as the County Fairgrounds, Norfolk Golf and Country Golf Club, a variety of Restaurants and the town is surrounded by beautiful country fields. Do not miss your opportunity to own a piece of real estate in this thriving neighbourhood.
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Property Details
Street
Community
City
Property Type
Duplex, 2-Storey
Lot Size
72' x 50'
Acreage
< .50
Fronting
North
Taxes
$2,158 (2024)
Basement
Unfinished
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
6
Garage Type
None
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Norfolk Market Statistics
Norfolk Price Trend
203 Grove St is a 3-bedroom 2-bathroom home listed for sale at $574,800, which is $85,718 (13.0%) lower than the average sold price of $660,518 in the last 30 days (October 23 - November 21). During the last 30 days the average sold price for a 3 bedroom home in Norfolk increased by $1,630 (0.2%) compared to the previous 30 day period (September 23 - October 22) and down $244,315 (27.0%) from the same time one year ago.Inventory Change
There were 15 3-bedroom homes listed in Norfolk over the last 30 days (October 23 - November 21), which is down 31.8% compared with the previous 30 day period (September 23 - October 22) and down 16.7% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Norfolk typically sold ($14,233) (2.2%) below asking price over the last 30 days (October 23 - November 21), which represents a $12,067 increase compared to the previous 30 day period (September 23 - October 22) and ($11,166) less 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 3-bedroom homes in Norfolk over the last 30 days (October 23 - November 21) stood at 73.3%, up from 40.9% over the previous 30 days (September 23 - October 22) and up from 16.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Norfolk stood at 68 days when successfully sold over the last 30 days (October 23 - November 21), compared to 97 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty
Similar Listings
Calling all investors or first-time home buyers! Take note of this gorgeous, up/down brick duplex in the charming and expanding town of Waterford. Featuring a main floor 2 bedroom + one bathroom unit with full basement, large principle rooms including its own laundry room, and side yard deck and shed. The upper one bedroom + one bath unit has a separate entrance with its own laundry room and balcony. Located on a corner lot with lots of parking and within walking distance to most amenities; the brewery, restaurants, schools, Waterford ponds, and walking trails. This duplex has been renovated throughout. Upgrades include flooring, paint, bathroom, metal roof and so much more. *Main floor unit interior photos excluded at the request of the tenants to honour their request for privacy.
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