$ 580,000

Two-acre mini-farm with bungalow on Highway 24 near Simcoe

Property details for 2474 Highway 24, Norfolk County

Type
Residential
Style
Bungalow
Bedrooms
3
Bathrooms
2
Living Area
1,012 square feet
Lot Size
2
Stories
1.5
Basement
Unfinished, Full
Heating
Forced air, Natural gas
Cooling
None
Exterior
Shingles
Ownership
Freehold
Annual Taxes
$3,258

This is a 2-acre residential property with a 1,012 sq ft bungalow. It has one bedroom on the main floor, plus two bathrooms. The house sits on a level, fenced lot with a crushed stone driveway and shingle exterior. Inside, the primary bedroom measures 15'5'' by 20'10''. There's a full, unfinished basement with large windows. Heating is forced air with natural gas, and it has a septic system and sand point water source. You get three parking spots. It's on Highway 24, just 0.5 km from Harmony Pastry Shop & Cafe and 3.2 km from Real Canadian Superstore. Simcoe Composite School is 3.8 km away. Price is $619,000, with annual taxes at $1,300. Zoning is A, allowing for potential farming or workshops. Sold as is.

About 2474 Highway 24, Norfolk County — Property Score

60
Hot Market Great Location
Score: 60/100
Value
17
Priced 74.4% above area median of $354,900 based on 4 comparable properties nearby 1
$612/sqft - 63.6% above the $374/sqft area median 1
Stable pricing - no price changes since original listing date 50
Size
52
1,012 sqft - 39% less space than similarly priced homes (1,650 sqft median) 29
1 bedroom - 2 fewer than similarly priced 3-bedroom homes nearby 36
87,120 sqft lot - an oversized lot for the area 90
Location
79
$81K median household income - above the Canadian average of $70K 70
78% of residents hold postsecondary credentials - a highly educated neighbourhood 86
90% homeownership rate - indicating a stable, owner-occupied community 93
79% of residents commute under 30 minutes - excellent commuter accessibility 93
30/km² population density - a rural or semi-rural setting 55
Market
92
Just listed - area average is 58 days on market 100
+10.2% median price change over 1 month - rising prices in the area 100
2.5 months of housing supply - 40 active listings with 16 sold last month (seller's market) 75
Features
65
3-car parking - area average is 6.6 spots 80
Unfinished, Full basement - adds valuable living space 85
efficient gas forced air heating 80
None 30
No premium extras like pool, waterfront, or view 50
Investment
70
0.21% effective tax rate ($1,300/yr) - very low tax burden 94
13% renter population - primarily owner-occupied area 45
Quality
50
Condition
50
Listing
89
26 photos provided - below the area average of 34 photos 92
6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.

Full Listing Description

All Property Details

Neighbourhood Census Data

Norfolk County, Ontario

Population
428
Median Age
47.7
Median Income
$38,528
Dwelling Value
$299,036

Housing Tenure

Owners 90%
Renters 13%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 2.4
Pop. Density: 29.5/km²
Avg Shelter Cost: $1,062/mo
Owners with Mortgage: 51.9%
Owners Spending 30%+: 11.1%
Tenants Spending 30%+: 0%
English only: 95.3%
English and French: 3.5%
Median Household Income: $80,640
Median Employment Income: $30,080

Price History

Contact Agent Get in touch about 2474 Highway 24, Norfolk County

Youming Zhao
Youming Zhao
Right at Home Realty

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