50
See all 50 photos
$899,000
Est. payment /mo
6 Beds
5 Baths
Price Dropped by $36K
451 Port Ryerse RD Norfolk, ON N3Y 4K2
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Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision Port Ryerse
MLS Listing ID X12124134
Style 2-Storey
Bedrooms 6
Annual Tax Amount $7,553
Tax Year 2024
Property Sub-Type Multiplex
Property 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 two other units: one self-contained bachelor unit, and one 2-bedroom unit above the separate garage, for a total of 3 separate residential units. 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!
Location
Province ON
County Norfolk
Community Port Ryerse
Area Norfolk
Rooms
Family Room No
Basement Partially Finished
Kitchen 2
Separate Den/Office 1
Interior
Interior Features Sump Pump
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Exterior Feature Hot Tub, Porch Enclosed
Garage Spaces 6.0
Pool Inground
Roof Type Asphalt Rolled,Metal
Road Frontage Public Road
Lot Frontage 272.0
Lot Depth 225.0
Total Parking Spaces 16
Building
Unit Features Marina
Foundation Block, Poured Concrete
Others
ParcelsYN No
Listed by Century 21 Heritage House Ltd Brokerage