285 Highway 3

About this home

Beautifully maintained 7-unit multifamily property offering stable income with room to grow. The building features a desirable unit mix of 1 three-bedroom, 1 two-bedroom, 2 one-bedroom, and 3 bachelor apartments, with several units updated between tenancies. Two units are currently vacant, providing immediate opportunity for new leasing or flexible use.Ample on-site parking and a 2,400 sq.ft. insulated and heated detached garage/shop with plumbing add to the versatility of the property. The shop is currently owner-occupied but may be leaseable for hobby, storage, or small business purposes.Situated on a 1.09-acre CH-zoned corner lot with dual road access, the property offers future-use versatility and long-term potential. Conveniently located along Highway 3 between Tillsonburg and Delhi, this is a well-managed asset with solid existing tenants and clear upside available through lease-up of the vacant units and optional shop use.

Details

Type

Investment

Age

51-99 years

Lot

324.35 × 206.06 ft

Garage

Single Detached

Property tax

$10,772 (2024)

Neighbourhood

Rural Middleton

Municipality

Norfolk

Heating, cooling and services

Water and sewer

Septic

Utilities

Available

Building and exterior

Age

51-99 years

Building area

1 Acres

More

Possession

Flexible

Cross street

Corner of Highway 3 and Jackson Side Rd.

Business type

Apts - 6 To 12 Units