451 Port Ryerse Road, Norfolk, ON Image 1

$699,000

$775,000
9.8% dropped

Last price change Jun 20

Multiplex For Sale
MLS - #X12124134
18 hours ago- By Century 21 Heritage House Ltd Brokerage

451 Port Ryerse Road, Norfolk, ON N3Y 4K2

6 Bed
5 Bath
2500-3000 Sqft.
Detached Garage

Property Description

Property type

Multiplex

Lot size

N/A

Style

2-Storey

Approx. Area

2500-3000 Sqft

Room Information

Room TypeDimension (length x width)FeaturesLevel
Recreation6.21 x 4.11 mN/ABasement
Bedroom3.15 x 2.77 mN/ABasement
Bathroom2.95 x 2.28 mN/ABasement
Other2.83 x 2.3 mN/ABasement

About 451 Port Ryerse Road

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 one 2-bedroom unit above the separate 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!

Home Overview

Last updated

18 hours ago

Virtual tour

None

Basement information

Partially Finished

Building size

--

Status

In-Active

Property sub type

Multiplex

Maintenance fee

$N/A

Year built

2024

Additional Details

Basement:Partially Finished
Cooling:Central Air
Heating:Forced Air
Parking Features:N/A
0
Similar Homes Found
$0
Average Price
69900000.0%
Higher than average

Price Comparison

Note * Price comparison is based on the similar properties listed in the area and may not be accurate. Consult licensed real estate agent for accurate comparison.

Location

Map loading...
Walking Icon

Walk Score for 451 Port Ryerse Road

Sales Representative

Angela Yang

Sales Representative, ANCHOR NEW HOMES INC.

English, Mandarin
Residential ResaleProperty ManagementPre Construction

MORTGAGE INFO

ESTIMATED PAYMENT

Some information about this property - Port Ryerse Road

Default Agent

Book a Showing

Tour this home with Angela

I agree to receive marketing and customer service calls and text messages from Condomonk. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Reply STOP to unsubscribe. Privacy Policy & Terms of Service.