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.
Key Facts:
Tax:
$10,772 / 2024
Property Type:
Investment
Building Age:
51-99 years
Lot Size:
324.35 x 206.06 feet
Basement:
Y
Listing #:
X12449811
Original Price:
$1,771,000
Days on Site:
394 days
Status Change:
88 days ago
Added to CiRealty:
2025-10-07
Updated on:
2026-08-07
Market Demand:
Buyer’s Market
Balanced
Seller’s Market
Property Details
Property details for 285 Highway 3, Norfolk. Listed for $1,685,000 on 2025-10-07
Property
Property Type:
Investment
Style:
Apartment
Community:
Rural Middleton
Municipality:
Norfolk
Utilities
Water:
Well
Cooling:
N
Heating Type:
Other
Building
Building Age:
51-99 years
Parking
Garage Type:
Single Detached
Land
Sewer:
Septic
Frontage:
324.35 feet
Depth:
206.06 feet
Cross Street:
Corner of Highway 3 and Jackson Side Rd.
Property
Property Type:
Investment
Style:
Apartment
Community:
Rural Middleton
Municipality:
Norfolk
Building
Building Age:
51-99 years
Parking
Garage Type:
Single Detached
Land
Sewer:
Septic
Frontage:
324.35 feet
Depth:
206.06 feet
Cross Street:
Corner of Highway 3 and Jackson Side Rd.
Utilities
Water:
Well
Cooling:
N
Heating Type:
Other
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