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2474 HIGHWAY 24

2474 HIGHWAY 24

Simcoe, Ontario

1 bed • Single Family

$619,000

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.

Price History

Property

Lot Size
2 acres

Schools

Elementary

  • Bloomsburg Public School2.1 km

    Public · Grand Erie DSB · 260 students

    Grade 3 reading: 86% met the provincial standard · Grade 6 math: 54% met the provincial standard

  • ÉÉC Sainte-Marie-Simcoe3.8 km

    French Catholic · CS catholique MonAvenir · 80 students

  • Elgin Avenue Public School4.1 km

    Public · Grand Erie DSB

Secondary

  • Simcoe Composite School3.7 km

    Public · Grand Erie DSB · 725 students

    Grade 10 literacy: 85% met the provincial standard

Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.

Community

Postal area N0E

Population
36,557
Private dwellings
15,375
Median age
46
Average household size
2.6
Median household income
$92,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Single Family in Simcoe · last 12 months

Median sold price
$0
Homes sold
0
Median days on market
0
Sale-to-list price
0.0%

Based on 0 recorded sales of single family properties in Simcoe over the last 12 months.

Location

Mortgage Calculator

$123,800

Estimated Monthly Payment

$3,041

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $3,041/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $155/mo

Estimates only. Consult a financial advisor.

R

Reita | Assistant

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