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$ 1,685,000
Est. payment /mo
Price Dropped by $86K
285 HIGHWAY 3 Norfolk, ON N4G4G7
1 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $1,685,000
Subdivision Rural Middleton
MLS® Listing ID X12449811
Lot Size 1.091 Acres
Acres 1.091
Source Woodstock Ingersoll Tillsonburg and Area Association of REALTORS® (WITAAR)
Property 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 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 may be leasable 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. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Other
Cooling None
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Septic System
Listed by Century 21 Heritage House Ltd Brokerage
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