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451 Port Ryerse Road Image 1

$775,000

$899,000
13.8% dropped

Last price change 5 days ago

May 5Commercial Retail For Sale
bedroomsbed
washrooms0bath
MLS - #X12124128

451 Port Ryerse Road, Norfolk, ON N3Y 4K2

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Property Description

Property type

Commercial Retail

Lot size

N/A

Style

Approx. Area

N/A

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 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!

Home Overview

Last updated

5 days ago

Virtual tour

None

Basement information

Building size

23200

Status

In-Active

Property sub type

Commercial Retail

Maintenance fee

$N/A

Year built

--

Listed by Century 21 Heritage House Ltd Brokerage

Additional Details

Basement:N/A
Cooling:Yes
Heating:Gas Forced Air Closed
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

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