23 Homewood Avenue, Norfolk

$549,000
23 Homewood Avenue

$549,000

New
16d
DetachedBungalow

23 Homewood Avenue, Norfolk

Total Monthly Obligation $2,827

Beds
3
Baths
2
Park
3
Sqft
700-1100
DOM
16d
Yield
5.2%
Cash on Cash
-1.3%
Cap Rate
4.3%
5Y IRR
14.5%
10Y IRR
13.8%
Property Type-Detached
MLS® Number-X13871042
Beds-3
Bathrooms-2
Size-700-1100 sqft
Lot Size-48 × 112 ft
Listed on site-Oct 7, 2026
Style-Bungalow
Building Type-Detached
Taxes-$2,848.53 (2025)
Parking-3 - Carport
Basement-Full, Partially Finished, Separate Entrance, Apartment
Heating-Forced Air (Gas)
Brokerage-REAL BROKER ONTARIO LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-flex
Neighbourhood-Simcoe
Title-Residential Freehold

No agent assigned

Welcome to 23 Homewood Avenue in Simcoe! This versatile 3+1 bedroom, 2-bathroom home offers the perfect blend of comfortable family living and flexible space for extended family or additional income potential. The main floor features a bright, functional layout with a spacious living room that flows into the kitchen and dining area, creating an easy space for everyday living and entertaining. Three well-sized bedrooms and a 4-piece bathroom complete the main level. Downstairs, the fully separate lower-level living space offers even more possibilities with its own kitchen and dining area, living room, bedroom, and 3-piece bathroom. Whether you're looking for space for in-laws, older children, extended family, or a potential rental opportunity, this additional living area adds valuable flexibility. Situated in a convenient Simcoe neighbourhood close to schools, shopping, restaurants, parks, and everyday amenities, this home is an excellent opportunity for those looking for versatility without sacrificing location. Whether you're investing, accommodating multiple generations, or simply looking for a home with added income potential, 23 Homewood Avenue is ready to fit your needs.

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Closing Costs

Mortgage Amount
$439,200
Land Transfer Taxes$7,455
Legal Fees (Est.)
$
Total cash required for closing$118,755

Total Monthly Obligation

$2,827/mo
Mortgage $2,215
Monthly Loss $2,244
Principal$583
Interest$1,632
Property Tax$237
Home Insurance$125
Variable Costs$250

No rent estimate available. Enter a monthly rent in Assumptions & Inputs below to calculate.

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 23 Homewood Avenue

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.