354 West Street W, Norfolk

$479,900
354 West Street W

$479,900

New
6d
Detached2-Storey

354 West Street W, Norfolk

Total Monthly Obligation $2,557

Beds
3
Baths
2
Park
2
Sqft
1500-2000
DOM
6d
Score
27
Yield
6.8%
Cash on Cash
4.8%
Cap Rate
5.6%
5Y IRR
19.4%
10Y IRR
17.8%
Property Type-Detached
MLS® Number-X14090184
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-41.5 ft (front)
Listed on site-Oct 17, 2026
Style-2-Storey
Building Type-Detached
Taxes-$2,951.96 (2026)
Parking-3 - Detached
Basement-Full
Heating-Radiant (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-None
Laundry-No
Fireplace-Electric
Pool-None
Facing-South
Exterior-Brick, Wood
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-flexible
Neighbourhood-Simcoe
Title-Residential Freehold

No agent assigned

Welcome home to 354 West Street in Simcoe, Norfolk County. This character-filled, all-brick 2-storey home offers 1,667 sq ft, 3 bedrooms, 1.5 bathrooms and a finished basement. The tidy exterior features mature trees, established gardens, a covered front porch and a paved driveway leading to a detached single-car garage. The welcoming foyer showcases beautiful wood trim and hardwood flooring, with a striking wood staircase adding to the home's character. Gorgeous French doors separate the foyer from the adjoining living spaces. The living room features hardwood flooring, detailed woodwork and a decorative fireplace that serves as a focal point. The den is surrounded by windows on 3 sides, bringing in natural light and creating a bright space for reading, working or relaxing. The formal dining room features hardwood flooring, rich wood trim and ornate windows that add character and bring natural light into the space. French doors connect the dining room with the adjoining areas. The kitchen offers white cabinetry, ample counter space, a double sink and a tile backsplash, with a window overlooking the side yard. The upper level offers 3 generously sized bedrooms with hardwood flooring throughout and plenty of closet space. The primary bedroom also features a Juliet balcony overlooking the rear yard. A 4-piece bathroom completes this level. A side door along the staircase to the basement provides direct access to the driveway. The finished basement includes a recreation room with an electric fireplace and stone surround, a 2-piece bathroom, laundry room, utility room and additional space. The rear yard features mature trees, established gardens and a generous green lawn, providing plenty of space for gardening, outdoor activities and entertaining. Located in Simcoe, Norfolk County, this home is close to local shops, parks, schools and everyday amenities.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$383,920
Land Transfer Taxes$6,073
Legal Fees (Est.)
$
Total cash required for closing$103,553

Total Monthly Obligation

$2,557/mo
Mortgage $1,936
Monthly Loss $2,047
Principal$509
Interest$1,426
Property Tax$246
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.5%32
Cash-on-Cash
-1.5%5
5-Year IRR
14.5%68
10-Year IRR
14.2%
Returns Index
35.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
27/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$32,400/yr
NOI
$21,708/yr
Net Cash Flow
-$127/mo
Cash Margin
-4.7%2
Cash Flow Index
1.9/ 100
Risk Profile
Weight: 20%
DSCR
0.9322
LTV Ratio
80.0%18
Vacancy Buffer
3.7 mo64
Risk Index
34.7/ 100

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

Comparables

Properties near 354 West Street W

Time

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