Commercial listings / Investment / For sale
285 Highway 3, Norfolk, ON N4G 4G7
$1,685,000
- Property type
- Investment
- Transaction
- For sale
- Location
- Norfolk, Norfolk
- Building area
- 1 Acres
- Lot size
- 1.091 Feet
- MLS® number
- X12449811
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.
Listing brokerage: Century 21 Heritage House Ltd Brokerage
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