$1,137,000Asking Price
16040 Simcoe Street, Scugog, ON L9L 1S7
Port Perry, Scugog
Turnkey Investment Opportunity in Beautiful Port Perry - Not Subject to Rent Control! Purpose-built bungalow with legal accessory apartment generating strong, reliable income with A+ tenants in place. An exceptional opportunity for investors seeking immediate cash flow with future upside potential. Featuring two fully self-contained units, each thoughtfully designed with modern finishes and functional layouts. Both units offer 2 bedrooms with private ensuites, contemporary kitchens with quartz countertops, stainless steel appliances, and stylish finishes, along with separate entrances, private laundry, and individual garages. Built with investor efficiency in mind, the property includes separate utility metering, reducing operational complexity and maximizing returns. Additional highlights include 9' ceilings, luxury vinyl plank flooring, gas fireplace, modern lighting, and parking for up to 3 vehicles per unit. Strong income profile: $68,340/year. Located in the highly desirable waterfront community of Port Perry, just minutes to Lake Scugog, marina, shops, and amenities, ensuring continued tenant demand and long-term appreciation. A rare opportunity to acquire a low-maintenance, income-generating asset in one of Durham Region's most desirable waterfront communities.
Turnkey Investment Opportunity in Beautiful Port Perry - Not Subject to Rent Control! Purpose-built bungalow with legal accessory apartment generating strong, reliable income with A+ tenants in place. An exceptional opportunity for investors seeking immediate cash flow with future upside potential. Featuring two fully self-contained units, each thoughtfully designed with modern finishes and functional layouts. Both units offer 2 bedrooms with private ensuites, contemporary kitchens with quartz countertops, stainless steel appliances, and stylish finishes, along with separate entrances, private laundry, and individual garages. Built with investor efficiency in mind, the property includes separate utility metering, reducing operational complexity and maximizing returns. Additional highlights include 9' ceilings, luxury vinyl plank flooring, gas fireplace, modern lighting, and parking for up to 3 vehicles per unit. Strong income profile: $68,340/year. Located in the highly desirable waterfront community of Port Perry, just minutes to Lake Scugog, marina, shops, and amenities, ensuring continued tenant demand and long-term appreciation. A rare opportunity to acquire a low-maintenance, income-generating asset in one of Durham Region's most desirable waterfront communities.
See MoreKey Info
- Bungalow Detached
- 4-Car Driveway
- 2-Car Attached Garage
- Simcoe St & Reach St
- 1100-1500 Approximate Sq Feet
- 0-5 Years Approximate Age
- Basement Apartment
- 2 Kitchens
- Forced Air Gas Heating
- Central Air
Property
- Lot Size 49.23 x 111.95 Feet
- Stone/Brick Exterior
- Taxes were $7,560 in 2025
- Possession: Flexible
Details
- Fireplace
- Family Room
- Sewers
- Municipal Water
- MLS #E12874370
- ROYAL LEPAGE FRANK REAL ESTATE
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 13.62' x 10.99' | Quartz Counter, Centre Island, Stainless Steel Appliances |
| 2 | Breakfast | Main | 10.01' x 10.99' | Walkout To Deck, Pot Lights, Overlooks Family |
| 3 | Laundry | Main | ||
| 4 | Breakfast | Lower | 10.01' x 12.60' | Open Concept, Above Grade Window, Vinyl Floor |
| 5 | Kitchen | Lower | 11.98' x 12.60' | Pot Lights, Centre Island, Vinyl Floor |
| 6 | Laundry | Lower | ||
 | 1 2-Piece Bathroom on Main Floor | |||
| 1 3-Piece Bathroom on Main Floor | |||
| 1 4-Piece Bathroom on Main Floor | |||
| 2 3-Piece Bathrooms on Lower | |||
| 1 2-Piece Bathroom on Lower | |||
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Who lives here?
Port Perry, Scugog is an east GTA neighbourhood notable for its singles, renters, university grads, business and education, law & public sector professionals and salespeople. It has a higher than average population of immigrants. Residents tend to be older with a significant number of kids aged 10 to 14, youth aged 15 to 24 and seniors aged 70 to 79.
Families
Kids Per Family
1.0
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
39%
of residents are
single and loving it.
39% singles
Scugog (37%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
20%
of residents
are renters.
20% renters
Scugog (14%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
26%
of residents are
university grads.
26% university grads
Scugog (23%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$124K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Sales | 14% |
| Business | 9% |
| Trades | 9% |
| Government | 8% |
| Management | 8% |
Immigrants
11%
of residents were
born outside of Canada.
11% immigrants
Scugog (11%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
4.9% from UK
All-time
Birthplace - Recent
0.6% from UK
Recent
Foreign Languages
Foreign Languages
| French | 1% |
| German | 1% |
| Dutch | 1% |
Religions
Religions
| Christian | 69% |
| Muslim | 1% |
