285 HIGHWAY 3, Norfolk, Ontario, N4G4G7

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 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. (id:64974)

Quick Facts

• Property Type: Multi-Family
• Bedrooms: None
• Bathrooms: None
• Living Area: 1 sq ft (0.1 m²)
• Attached: Yes
• Lot Size: 1.0910 acres (0.44 ha)
• Frontage: 324 ft (98.9 m)

Costs

• Annual Taxes: $10,772.35

Listing Provided by: Century 21 Heritage House Ltd Brokerage
Board: Woodstock Ingersoll Tillsonburg and Area Association of REALTORS® (WITAAR)
Data provided via CREA DDF®.