285 HIGHWAY 3
Norfolk, Ontario
MLS® X12449811
$1,685,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X12449811
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 39Listing description
Beautifully maintained 7-unit multifamily property offering stable income with room to grow. The building features a desirable unit mix of 1 three-bedroom, 1 two-bedroom, 2 one-bedroom, and 3 bachelor apartments, with several units updated between tenancies. Two units are currently vacant, providing immediate opportunity for new leasing or flexible use.
Ample on-site parking and a 2,400 sq. ft. insulated and heated detached garage/shop with plumbing add to the versatility of the property.
The shop is currently owner-occupied but may be leaseable for hobby, storage, or small business purposes. Situated on a 1. 09-acre CH-zoned corner lot with dual road access, the property offers future-use versatility and long-term potential.
Conveniently located along Highway 3 between Tillsonburg and Delhi, this is a well-managed asset with solid existing tenants and clear upside available through lease-up of the vacant units and optional shop use.
Property summary
- MLS® number
- X12449811
- Property type
- Multi-family
- Building type
- Multi-Family
- Square footage
- 1 sq ft
- Land size
- 1.091 acres
- Annual property taxes
- $10,772.35
- Days on market
- 323 days
Features & details
- Heating
- Other
- Cooling
- None
- Lot features
- Irregular lot size
What would this home cost you?
Based on the $1,685,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Century 21 Heritage House Ltd Brokerage, WOODSTOCK.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.