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Property Description
Welcome to 71 Lee Avenue, this Side by Side Duplex with two great size units is an amazing investment opportunity in one of Simcoe's most desirable neighbourhoods.. Sitting on a large 127 x 71ft lot, this property features 2 Two bedroom units with Separate Hydro, gas, water and all HVAC mechanical systems. Recently renovated this property has been beautifully updated with new kitchens, new bathrooms, newer windows, and not a thing to do. Both basements have been done and allows for additional living space and to attach the units. There is a 94 foot deep well that supplies water to the in-ground sprinkler system and outdoor faucet, otherwise the home runs on municipal water. The roof was completed in 2012, enjoy the large 16 x 16ft shed with insulation and power. New soffits and vinyl siding for the outdoor sunroom. RSA.
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Property Features
Hospital, Library, Park, Place Of Worship, School
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1500-2000
Lot Size
128' x 71'
Acreage
< .50
Fronting
East
Taxes
$3,702 (2024)
Basement
Finished, Full
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Pvt Double
Garage Type
Attached
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Kitchen | Main | 15.49' x 10.99' | |
Living | Main | 10.99' x 15.85' | |
Prim Bdrm | Main | 11.52' x 11.09' | |
Br | Main | 12.93' x 9.09' | |
Bathroom | Main | 8.76' x 7.74' | |
Rec | Bsmt | 11.15' x 26.51' | |
Br | Bsmt | 8.99' x 11.09' | |
Kitchen | Main | 15.75' x 10.07' | |
Living | Main | 11.25' x 12.99' | |
Br | Main | 10.50' x 12.34' | |
Prim Bdrm | Main | 9.51' x 12.24' | |
Bathroom | Main | 8.60' x 7.51' |
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Norfolk Market Statistics
Norfolk Price Trend
71 Lee Ave is a 4-bedroom 3-bathroom home listed for sale at $799,900, which is $119,900 (17.6%) higher than the average sold price of $680,000 in the last 30 days (October 24 - November 22). During the last 30 days the average sold price for a 4 bedroom home in Norfolk declined by $85,000 (11.1%) compared to the previous 30 day period (September 24 - October 23) and down $1,170,000 (63.2%) from the same time one year ago.Inventory Change
There were 2 4-bedroom homes listed in Norfolk over the last 30 days (October 24 - November 22), which is down 66.7% compared with the previous 30 day period (September 24 - October 23) and down 75.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Norfolk typically sold ($26,266) (3.9%) below asking price over the last 30 days (October 24 - November 22), which represents a $12,431 increase compared to the previous 30 day period (September 24 - October 23) and ($49,999) 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 (October 24 - November 22) stood at 150.0%, up from 66.7% over the previous 30 days (September 24 - October 23) and up from 12.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in Norfolk stood at 61 days when successfully sold over the last 30 days (October 24 - November 22), compared to 48 days before being removed from the market upon being suspended or terminated.Listing contracted with One Percent Realty Ltd.
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