311 St. George Street

Introducing a remarkable investment opportunity, this Multi-Family Home for sale in Norfolk is located at 311 St. George Street, Norfolk. Nestled in the charming community of Port Dover, this property is ideally situated just a five-minute stroll from the beach, making it an attractive option for both long-term tenants and holidaymakers alike. The property is a well-maintained multiplex, designed over two storeys, and boasts a robust brick and stucco exterior that speaks to its enduring quality, having been built over 100 years ago.

This Multi-Family Home for sale in Norfolk comprises three updated and well-appointed units, making it a prime choice for investors looking to set their own rents and maximise returns. The first unit features three spacious bedrooms and one bathroom, complete with onsite laundry facilities for added convenience. The two additional units each contain one bedroom and one full bathroom, catering perfectly to the needs of modern renters. With a total of 12 rooms across the property, there is ample space for comfortable living.

Each unit within this Multi-Family Home for sale in Norfolk is separately metered for hydro, gas, and water, ensuring that tenants can manage their utilities independently. The property is equipped with three owned hot water heaters, which further enhances its appeal to prospective renters. Despite the absence of a family room and central vacuum system, the property compensates with its generous parking options, accommodating up to three vehicles both on the private driveway and on the street.

The property does not feature air conditioning or a swimming pool, yet it offers a fireplace, adding a touch of warmth and character to the living spaces. The kitchen facilities are particularly noteworthy, with three kitchens available across the units, allowing for a variety of culinary experiences. The unfinished basement provides additional potential for future development or storage, depending on the new owner's vision.

Located at 311 St. George Street, Norfolk, this Multi-Family Home for sale in Norfolk is surrounded by a wealth of amenities, including shops, restaurants, schools, parks, and nature trails. The community of Port Dover is known for its vibrant atmosphere and easy access to essential services, making it an ideal location for families and individuals alike. As the demand for quality rental units in Norfolk County continues to rise, this property promises a stable and increasing income stream for savvy investors.

This property is being sold as is, allowing the new owner the opportunity to make any desired improvements or alterations. With the hard work of upgrades already completed, potential buyers can focus on maximising their returns without the immediate need for extensive renovations. Whether you are considering this Multi-Family Home for sale in Norfolk as a long-term rental investment or as an Airbnb, its unbeatable location and strong rental appeal make it a wise choice for those seeking long-term growth and stability.

In summary, 311 St. George Street, Norfolk, presents an exceptional opportunity for investors looking to enter the rental market in a highly desirable area. With its three well-maintained units, ample parking, and proximity to the beach and local amenities, this Multi-Family Home for sale in Norfolk is a property that should not be overlooked. Take advantage of this chance to invest in a promising future in the thriving community of Port Dover.

Port Dover, nestled along the picturesque shores of Lake Erie in Norfolk County, is a charming town that exudes a welcoming atmosphere and a rich maritime heritage. Known for its stunning sandy beaches and vibrant waterfront, the area offers a delightful blend of natural beauty and small-town charm. Residents can enjoy leisurely strolls along the pier, explore local shops and eateries, and partake in various community events throughout the year, including the renowned Friday the 13th motorcycle rally. With its close-knit feel, scenic landscapes, and a strong sense of history, Port Dover presents an inviting environment for those seeking a tranquil yet engaging lifestyle by the water.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest option is Lakewood Elementary School, situated just 0.8 km away, offering both English and French language programs for students from junior kindergarten to grade 8. This public school is part of the Grand Erie District School Board. Additionally, St. Cecilia School, a Catholic institution, is located 1.9 km from the property, also serving students from junior kindergarten to grade 8 and providing an English language curriculum under the Brant Haldimand Norfolk Catholic District School Board. Both schools cater to young learners, ensuring that your children have access to quality education within a short distance from home. While the school ratings are not specified, the variety of language options and educational philosophies available in the nearby schools can cater to diverse family preferences. Overall, this property’s proximity to these schools enhances its appeal for potential buyers seeking a family-friendly environment.

Key Statistics of the Neighbourhood

The area surrounding the property has a small population of 346 residents, with an average household size of 1.8 individuals. The demographic profile reveals an aging population, with an average age of 55.8 years. The average household income stands at $86,000, although 18.5% of the population is classified as low-income. The real estate market reflects a median home price of $510,000, which may appeal to buyers seeking stability in their investment. The community is characterized by a significant proportion of singles, making up 51.56% of the population, while only 17.65% of households have children. Renters constitute 31.03% of the population, indicating a diverse housing landscape, although there are no condominiums available in the area. Educational attainment is relatively high, with 47.27% of residents holding a college or university degree. However, a notable 38.18% of the population is not in the labor force, which may impact the local economy. Additionally, the immigrant population is small, at 4.92%, suggesting a relatively stable community demographic. Overall, this area presents a unique blend of characteristics appealing to various potential homeowners and investors.