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For Sale

285 Highway 3, Norfolk, ON N4G 4G7

$1,685,000

  • Investment
  • MLS® X12449811

Listing Brokerage: Century 21 Heritage House Ltd Brokerage

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 details

MLS® number
X12449811
Transaction
For Sale
Property type
Commercial
Style / use
Investment
Community
Rural Middleton
City
Norfolk
Building area
1.019 Acres
Lot width
324.35 Feet
Lot depth
206.06 Feet
Approximate age
51-99
Heating
Other
Cooling
No
Garage
Single Detached
Taxes
$10,772.35
Tax year
2024
Business type
Apts - 6 To 12 Units
Listing brokerage
Century 21 Heritage House Ltd Brokerage

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