285 Highway 3 Norfolk, Ontario N4G 4G7

1 Acres
None Other Acreage

$1,771,000

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. (id:40058)

Business

Business Type Residential
Business Sub Type Apartments

Property Details

MLS® Number X12449811
Property Type Multi-family
Community Name Rural Middleton
Features Irregular Lot Size

Building

Age 51 To 99 Years
Cooling Type None
Heating Type Other
Size Interior 1 Acres
Type Multi-family

Land

Acreage Yes
Sewer Septic System
Size Depth 206 Ft
Size Frontage 324 Ft ,4 In
Size Irregular 1.091
Size Total 1.091 Ac
Size Total Text 1.091 Ac
Zoning Description Ch

https://www.realtor.ca/real-estate/28961826/285-highway-3-norfolk-rural-middleton

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