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451 Port Ryerse Road Image 1

$775,000

$899,000
13.8% dropped

Last price change 5 days ago

May 5Multiplex For Sale
bedrooms6bed
washrooms6bath
MLS - #X12124134

451 Port Ryerse Road, Norfolk, ON N3Y 4K2

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Average Price
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Price Comparison

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Property Description

Property type

Multiplex

Lot size

N/A

Style

2-Storey

Approx. Area

N/A

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

5 days ago

Virtual tour

None

Basement information

Partially Finished

Building size

--

Status

In-Active

Property sub type

Multiplex

Maintenance fee

$N/A

Year built

2024

Listed by Century 21 Heritage House Ltd Brokerage

Additional Details

Basement:Partially Finished
Cooling:Central Air
Heating:Forced Air
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

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