285 Highway 3 N/A Active Save Request In-Person Tour Request Virtual Tour
Norfolk,ON N4G 4G7
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $1,771,000
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 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.
Location
Province ON
County Norfolk
Community Rural Middleton
Area Norfolk
Interior
Cooling No
Exterior
Utilities Available Available
Building
Building Age 51-99