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$ 1,685,000
Est. payment /mo
Price Dropped by $86K
285 Highway 3 N/A Norfolk, ON N4G 4G7
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
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 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.
Location
Province ON
County Norfolk
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