A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 451 Port Ryerse Rd, Norfolk Ontario N3Y 4K2
70 days on Market

451 Port Ryerse Rd, Norfolk, Ontario N3Y 4K2

Other
-
-
~23200 sqft
$•••,•••
$699,000
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Other
-
-
~23200 sqft

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Property Estimate

Days on market70 days

Estimated valueNot available

Price/Sqft$30/sqft

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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 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!


Property Details

StyleMulti-Use
View-
Age of property-
SqFt~23200 SqFt
Lot Size61,200 SqFt(225 x 272)
Parking Spaces16
MLS ®NumberX12124128
Community NameNorfolk County
Data SourceTRREB
Listing byCentury 21 Heritage House Ltd Brokerage

Features

Heating: Gas Forced Air Closd
Cooling: Y

Features

Lot size: 61,200 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 16


Property listed by Century 21 Heritage House Ltd Brokerage, Brokerage
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Market Data - Norfolk County

Geo Zone Map ThumbnailNorfolk County

Strong Buyer's Market

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Other - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

60 days

Compared to

2024

47 days

2023

38 days

2022

17 days

New Listings

Past 30 days

296 listings

Compared to

2024

280 listings

2023

273 listings

2022

288 listings

Units sold

Past 30 days

106 units

Compared to

2024

89 units

2023

126 units

2022

97 units

Median Sold Price

Past 30 days

$603,000

Compared to

2024

$605,000

2023

$649,950

2022

$686,000


What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget