2474 Highway 24
Simcoe, N3Y 4K3
$580,000
- Bedrooms
- 3
- Bathrooms
- 2
- Interior
- 1,012 ft²
- Lot
- 2 acres
- Type
- Rural
About this home
Prime 2-Acre Investment Opportunity on High-Exposure Highway 24 in Waterford! Ideally located just minutes to Simcoe and Highway 3, approximately 15 minutes to Highway 403, 30 minutes to Brantford, and under 1 hour to Hamilton. This level, fully fenced property offers outstanding visibility, easy access, and excellent future potential. Featuring a wide concrete driveway with possible secondary farm access, this versatile parcel is ideal for a wide range of residential, agricultural, and commercial-style rural uses. The fertile sandy loam soil and picturesque creek at the rear create the perfect setting for greenhouse operations, nursery or garden center, hobby farm, landscaping yard, contractor shop, plumbing or mechanical workshop, dog daycare and training facility, mini storage business, or other agri-related enterprises.
Plenty of space available for additional outbuildings, workshops, barns, greenhouses, or future expansion. Full services include natural gas, hydro, and high-speed internet, making this property ideal for live/work operations, home-based businesses, and long-term investment potential. Excellent exposure and strategic location provide strong opportunities for income generation and future growth, including possible long-term residential development potential. The property includes a detached 3-bedroom, 2-bath bungalow offering approximately 1,012 sq ft on the main level, plus a bright basement with large windows. Extensive renovations have already been completed (approximately 85%), including updated electrical, wall improvements, and a new pump system.
Property is being sold in “as is” condition, presenting exceptional value-add potential for investors, entrepreneurs, or end users. Rare opportunity to own a highly versatile rural property with strong highway exposure, infrastructure in place, and multiple possible income streams.
Property details
- Property type
- Farm
- Ownership
- Freehold
- Style
- Bungalow
- Age
- 31-50 Years
- Property taxes
- $3,258
- Heating
- Forced Air, Natural Gas
- Basement
- Full, Unfinished, Sump Pump
- Parking
- 3 spaces
- Water
- Sandpoint Well
- Sewer
- Septic Tank
- Lot
- 2 acres
- Zoning
- A
- Time on market
- 206 days on market
- MLS® number
- 40820274
Features
Outside
- Shingle Siding
- Asphalt roof
The lot
- Rectangular
- School Bus Route
Included with the home: None
Rooms
Measurements are deemed reliable but not guaranteed.
| Room | Level | Size | Details |
|---|---|---|---|
| Eat-in Kitchen | Main | 20' × 9' 11" | |
| Bedroom | Main | 14' 3" × 11' | |
| Bathroom | Main | 4' × 7' 5" | 2-Piece |
| Bedroom | Main | 13' × 9' | |
| Bedroom | Main | ||
| Bathroom | Main | 8' 9" × 7' 5" | 3-Piece |
Location
Thinking about the area? Read our guide to living in Simcoe.
Estimate your payment
20% down. The minimum on this price is $33,000.
Your monthly payment
$2,568
- Mortgage amount
- $464,000
- Interest over the amortization
- $306,434
An estimate at a fixed rate compounded twice a year. Insurance applies under 20% down. Your lender sets the real numbers, and the team can introduce you to a mortgage professional.
Ontario land transfer tax
How the tax adds up
| $0 to $55,000 | 0.5% | $275.00 |
| $55,000 to $250,000 | 1.0% | $1,950.00 |
| $250,000 to $400,000 | 1.5% | $2,250.00 |
| $400,000 to $580,000 | 2.0% | $3,600.00 |
Ontario land transfer tax
$8,075
- Tax before any refund
- $8,075.00
- You pay on closing
- $8,075.00
For a home with one or two single-family residences anywhere in Ontario outside Toronto. Your real estate lawyer confirms the amount and pays it on closing.
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