451 Port Ryerse Road,Norfolk, ON N3Y 4K2
Norfolk, ON N3Y 4K2
Description
Incredible opportunity to own a multi-unit residential package just minutes from Port Dover, Turkey Point, Simcoe, and the scenic shores of Lake Erie. This property includes a total of three addresses (449, 451, and 455 Port Ryerse Road) that have amalgamated into one. Live in one, rent the others, or invest in all for serious cash flow potential. The primary residence at 451 Port Ryerse features a spacious 4-bedroom home with a 20' x 40' inground pool. The property boasts one other unit: a 2-bedroom unit above the garage. Each unit has its own hydro service. A large 30' x 80' detached garage is perfect for the owners personal workshop or can be leased out for extra income potential. Gross income POTENTIAL is estimated between $140,000-$158,000 annually across residential rents, garage/shop rental, and commercial storage operations. Zoned MR, the property supports its current uses with no redevelopment permitted, offering stable, long-term income in a high-demand recreational area. Seize this rare chance to secure a fully integrated residential and commercial investment minutes from Lake Erie's waterfront! Own all three addresses in one purchase 449, 451 & 455 Port Ryerse Road!
Details
| MLS# | X12124128 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Price Change |
| Days On Site | 16 |
| Listing Provided By | Century 21 Heritage House Ltd Brokerage | X12124128 518900 |
Features
| SQ Feet | 23,200 |
|---|---|
| Acreage | 0.53 |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Norfolk |
| City | Norfolk |
| Postal Code | N3Y 4K2 |
| Area | Port Ryerse |
| Listing VS Median (in N3Y 4K2) | |
Price: $899,000 low | high Med: $449,500 SqFt: 23,200 low | high Med: 33,380 $ / SqFt: $39 low | high Med: $19 On site: 16 low | high Med: 73.500000 | |
