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$ 1,771,000
Est. payment /mo
Active
285 Highway 3 N/A Norfolk, ON N4G 4G7
1 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $1,771,000
Subdivision Rural Middleton
MLS Listing ID X12449811
Annual Tax Amount $10,772
Tax Year 2024
Property Sub-Type Investment
Property Description
Beautifully maintained 7-unit multifamily property offering strong income and long-term investment stability. The building features a desirable unit mix of 1 three-bedroom, 1 two-bedroom, 2 one-bedroom, and 3 bachelor apartments, each thoughtfully updated between tenancies. One unit is currently vacant, providing an immediate opportunity to set new market rent or for flexible owner use. Ample on-site parking and a 3,000 sq.ft. insulated and heated detached garage/shop with plumbing add to the versatility of the property. The shop is currently owner-occupied but could be leased for hobby use, storage, or small business purposes (estimated at ~$2,500/month).The property sits on a 1.09-acre CH-zoned corner lot with dual road access, allowing for multiple future-use possibilities and income growth potential. Conveniently located along Highway 3 between Tillsonburg and Delhi, this is an excellent investment for those seeking a clean, well-managed asset with reliable tenants and upside potential.
Location
Province ON
County Norfolk
Community Rural Middleton
Area Norfolk
Interior
Cooling No
Exterior
Utilities Available Available
Lot Frontage 324.35
Lot Depth 206.06
Building
Building Age 51-99
Others
ParcelsYN No
Listed by Century 21 Heritage House Ltd Brokerage
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