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$699,000
Available - For Sale
Listing ID: X12124128
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!
Price $699,000
Taxes: $7,553.04
Tax Type: Annual
Occupancy by: Owner+T
Address: 451 Port Ryerse Road , Norfolk, N3Y 4K2, Norfolk
Postal Code: N3Y 4K2
Province/State: Norfolk
Legal Description: PT LT 2 CON 2 WOODHOUSE AS IN NR424037;
Directions/Cross Streets: Highway #6 and Port Ryerse Road
No. of Pieces Level
Washroom 1 0
Washroom 2 0
Washroom 3 0
Washroom 4 0
Washroom 5 0
Washroom 6 0
Washroom 7 0
Washroom 8 0
Washroom 9 0
Washroom 10 0
Washroom 11 0
Washroom 12 0
Washroom 13 0
Washroom 14 0
Washroom 15 0
Washroom 16 0
Washroom 17 0
Washroom 18 0
Washroom 19 0
Washroom 20 0
Washroom 21 0
Washroom 22 0
Washroom 23 0
Washroom 24 0
Washroom 25 0
Washroom 26 0
Washroom 27 0
Washroom 28 0
Washroom 29 0
Washroom 30 0
Washroom 31 0
Washroom 32 0
Washroom 33 0
Washroom 34 0
Washroom 35 0
Washroom 36 0
Washroom 37 0
Washroom 38 0
Washroom 39 0
Washroom 40 0
Washroom 41 0
Washroom 42 0
Washroom 43 0
Washroom 44 0
Washroom 45 0
Category: Multi-Use
Use: Other
Building Percentage: T
Total Area: 23,200
Total Area Code:  Square Feet
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Financial Statement: F
Maintenance: 0
Sprinklers: No
Outside Storage: T
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
Sewers: Septic
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Century 21 Heritage House Ltd Brokerage

451 Port Ryerse Road , Norfolk, N3Y 4K2, Norfolk


 
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At a Glance:
Type: Com - Commercial Retail
Area: Norfolk
Municipality: Norfolk
Neighbourhood: Port Ryerse
Style:
Lot Size: x 225.00(Feet)
Approximate Age:
Tax: $7,553.04
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
Pool:
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