285 Highway 3
Norfolk, N4G 4G7
FOR SALE
$1,685,000

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Investment
CATEGORY324.35 x 206.06
LOT SIZEX12449811
MLSIDContact Us
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.
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Property Details
Address
285 Highway 3
Community
City
Postal Code
N4G 4G7
Property Type
Investment, Investment
Use
Apartment
Zoning
CH
Lot Size
324' x 206'
Acreage
1.1 Feet
Taxes
$10,772 (2024
Heat Type
Other
Water
Well
Garage Type
Single Detached
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Listing contracted with Century 21 Heritage House Ltd Brokerage
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