38 Mann Avenue, Norfolk

$498,900
38 Mann Avenue

$498,900

New
2d
DetachedBungalow

38 Mann Avenue, Norfolk

Total Monthly Obligation $2,722

Beds
2
Baths
3
Park
4
Sqft
1100-1500
DOM
2d
Yield
5.5%
Cash on Cash
-1.5%
Cap Rate
4.3%
5Y IRR
14.4%
10Y IRR
13.7%
Property Type-Detached
MLS® Number-X14100958
Beds-2
Bathrooms-3
Size-1100-1500 sqft
Lot Size-50.85 × 98.43 ft
Listed on site-Oct 21, 2026
Style-Bungalow
Building Type-Detached
Taxes-$4,013.34 (2025)
Parking-4 - Attached
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-COLDWELL BANKER MOMENTUM REALTY, BROKERAGE
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Immediate
Neighbourhood-Simcoe
Title-Residential Freehold

No agent assigned

Welcome to 38 Mann Avenue. This attractive solid brick home with an attached garage offers a fantastic opportunity to create a space that truly reflects your style. It is tucked away in a very desirable neighborhood close to main highways, schools, park area and shopping. This property features a functional main-floor layout with 2 bedrooms, 2 bathrooms, a spacious kitchen with a breakfast nook, separate dining room, and a convenient main-floor laundry. The fenced backyard and large deck provides a great area for outdoor entertaining and enjoyment. The partially finished basement expands the possibilities with a comfortable family room, bonus room nearing completion, and an additional 3 pc. bathroom featuring a tiled shower and glassed doors. Whether you're looking for additional living space, a home office, hobby area, or future recreation space, there's plenty of room in the basement to finish and make it your own. The home does need windows and a little TLC. Additional highlights include newer shingles, and the timeless durability of brick construction. With a little TLC and your personal vision, this home offers an excellent opportunity to unlock its full potential. A great option for buyers looking for space, a desirable location, and the chance to add value over time . Don't miss the opportunity to see what this home has to offer at this great price!

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Closing Costs

Mortgage Amount
$399,120
Land Transfer Taxes$6,453
Legal Fees (Est.)
$
Total cash required for closing$107,733

Total Monthly Obligation

$2,722/mo
Mortgage $2,012
Monthly Loss $2,192
Principal$530
Interest$1,483
Property Tax$334
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 38 Mann 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.