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4 + 3
BEDROOMS3
BATHROOMS1 + 1
KITCHENS8 + 5
ROOMSS13093106
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Property Description
Great value can be found in this well located West End Duplex which is vacant. Perfect opportunity for Investor to set own rents or for a Multi-Generational Family to occupy. The Main part of the home with full basement was built new in 2018 (original foundation not replaced). The main part of the main floor features: 3 Bedrooms * Open Concept Living/Dining/Kitchen * 4pc Bath * Laundry * Walk out to deck and fenced yard area * Shared Parking. The full basement features: 3 Bedrooms * Open Concept Living/Dining/Kitchen * 4 pc Bath * Laundry * 2+ Car Parking off of Hugel Ave. There is a Small 1 Bedroom Bachelor area off of Main Floor with a separate entrance that is not legally recognized and should only be used in conjunction with the main floor unit. There are 2 hydro meters. Located In North Simcoe and Offers So Much to Do - Boating, Fishing, Swimming, Canoeing, Hiking, Cycling, Hunting, Snowmobiling, Atving, Golfing, Skiing and Along with Theatres, Historical Tourist Attractions and So Much More. Only 5 Minutes to Penetang, 45 Mins to Orillia, 45 Minutes to Barrie and 90 Mins to GTA.
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2018-03-21 | 2018-04-13 | 23 | $495,000 | $495,000 |
| 2013-10-26 | 2013-10-31 | 5 | $206,000 | $180,000 |
Property Features
Arts Centre, Fenced Yard, Hospital, Public Transit, Library, Marina, Accessory Apartment, Primary Bedroom - Main Floor, Private Double, Other
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Property Details
Address
282 Norene Street
Community
City
Postal Code
L4R 4C2
Property Type
Duplex, Duplex
Zoning
R3
Lot Size
64' x 100'
Taxes
$5,371 (2025
Basement
Apartment, Full, Separate Entrance, Finished
Exterior
Landscaped, Deck
Heat Type
Baseboard
Heat Source
Electric
Water
Municipal
Parking Spaces
5
Garage Type
Carport
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Listing contracted with Re/Max Georgian Bay Realty Ltd
Perfect First Home With Built-In Income Potential Looking for a smart way to get into the market? This legal, low-maintenance duplex is an ideal opportunity for first-time buyers who want flexibility, comfort, and help with the monthly costs. Built in 1989 and thoughtfully updated with over $70,000 in cosmetic upgrades, this home offers two self-contained units-perfect for living in one while earning income from the other. The upper unit, renovated in 2021 and currently tenanted, features a bright and spacious 3-bedroom, 1-bath layout with over 1,000 sq. ft. of living space, a large kitchen with breakfast area, and in-suite laundry. The lower unit, renovated in Summer of 2025, offers a comfortable 2-bedroom, 1-bath layout (approx. 870 sq. ft.) with its own kitchen, breakfast area, and in-suite laundry, and is currently tenanted, providing immediate rental income to help offset your mortgage. Each unit has its own private driveway, offering added privacy and convenience. Located just minutes from the waterfront and downtown strip, close to everyday amenities, and only a 15-minute drive to Balm Beach, this home combines lifestyle and long-term value. Whether you choose to live upstairs and rent the lower unit, or explore short- or long-term rental options in the future, this property gives you options-something every first-time buyer can appreciate. Move-in ready and income-smart. Extras: Separately metered units, central air and furnace, propane heating, exterior wired security cameras, deck, and future potential to add a garden suite for additional income.
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Well-maintained Midland duplex , easy to rent and positive cash flow. Long-standing tenants who take evident care and upkeep of the property.Each unit offers a spacious and functional layout with a full kitchen, comfortable living area and in-suite laundry. Both units are currently rented on a month-to-month basis, providing flexibility for future adjustments.Current rental income:Upper unit: 3 bedrooms, $1,835.13/month. Lower unit: 2 bedroom, $1,635.86/month. Both inclusive. Total utility costs for 2025: Hydro $2,941.27; Gas $860.90; Water/Sewer $1,403.44; Hot Water Heater $369.68. An excellent opportunity for investors seeking a stable, income-generating property in a sought-after location. No internal photos for tenant privacy.
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