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About the Listing 518900 -
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 Highlights
Status
Active
Days on Site
281
Property Type
Commercial Sale
MLS ®
X12449811
Year Built
Total Square Footage
1
Lot/Acreage
1.09
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: No
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Septic
- Parking Features: Single Detached,No Garage
Financial Details
- Tax Amount: $10,772
- Taxes w/Assessments: N/A
- Tax/Property ID: 501460185
- Tax Year: 2024
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
285 Highway 3 N/A Norfolk, ON N4G 4G7
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