396 William Street

Welcome to a truly exceptional opportunity: a Multi-Family Home for sale in Norfolk , located at 396 William Street, Norfolk. This stunning multiplex is nestled in the picturesque rural setting of Middleton, offering the perfect blend of charm, character, and modern convenience. With its serene backdrop backing directly onto the tranquil waters of Black Creek, this property is not just a home; it's a lifestyle choice.

As you approach 396 William Street, Norfolk, you’ll notice the inviting hardboard exterior that gives the property a warm and welcoming feel. This two-storey building boasts a total of six rooms, including three kitchens, which is quite a rarity for a Multi-Family Home for sale in Norfolk. The layout features two spacious two-bedroom suites, ideal for families or groups looking for comfortable living spaces. Additionally, there’s a bright one-bedroom unit that includes a versatile den, perfect for use as an office or a quiet reading nook.

One of the standout features of this property is its strong income potential, with all three units currently fully rented. The renovations and upgrades that have been carried out are extensive, ensuring that the property meets modern living standards while retaining its original charm. A new roof was installed less than two years ago, and two furnaces were updated within the same timeframe. Furthermore, an additional furnace servicing the upstairs unit was installed just six months ago, providing peace of mind for future tenants.

At 396 William Street, Norfolk, you’ll find that the essential systems have been well maintained. The septic tank is only three years old, and the windows have been replaced in stages, with some being updated within the last four years and others more recently. This attention to detail makes this Multi-Family Home for sale in Norfolk a turn-key investment opportunity, allowing you to step in and start generating income right away.

Outdoor living is also a highlight of this property. Two backyard decks have been added, providing private outdoor spaces where tenants can unwind and enjoy the beautiful natural surroundings. The lot measures an impressive 88 x 180 feet, offering ample space for outdoor activities or simply soaking in the tranquillity of the area. While there’s no pool or garage, the property does offer parking space for up to six vehicles, making it convenient for tenants and guests alike.

Inside, you’ll find that the home is unfurnished, allowing new owners to put their personal touch on the space. The heating is provided by a forced air system, ensuring warmth during the colder months. Although there’s no central vacuum system or air conditioning, the property does benefit from municipal water and internet access, which are essential for modern living.

The location of 396 William Street, Norfolk, is another significant advantage. While the property is set in a peaceful rural area, it remains within easy reach of nearby towns, amenities, and commuter routes. This balance of seclusion and accessibility makes it an attractive option for potential tenants, who can enjoy a tranquil lifestyle without sacrificing convenience.

In summary, this Multi-Family Home for sale in Norfolk presents a rare opportunity to own a well-maintained, fully renovated property in a stunning rural setting. With its strong rental history, updated systems, and spacious living arrangements, 396 William Street, Norfolk, is not just a property; it’s a smart investment in a truly unique location. Don't miss out on the chance to make this exceptional property your own!

Rural Middleton, nestled within the city of Norfolk, offers a charming blend of serene countryside and convenient access to urban amenities. This picturesque area is characterised by its rolling fields, quaint cottages, and a close-knit atmosphere, where neighbours often greet one another with a friendly wave. With its scenic walking trails and lush green spaces, Rural Middleton is perfect for those who appreciate nature and outdoor activities. Despite its tranquil setting, residents enjoy easy access to the vibrant cultural and social offerings of Norfolk city, making it an ideal location for those seeking a peaceful lifestyle without sacrificing the benefits of city living.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. Within a short distance, you'll find St. Frances Cabrini School and Saint Francis Cabrini School, both of which are Catholic schools offering grades from Junior Kindergarten to Grade 8. St. Frances Cabrini School is just 1.8 km away, while Saint Francis Cabrini School is even closer at 1.7 km, providing options for English and French language studies. Additionally, the well-regarded Delhi Public School, part of the Grand Erie District School Board, is located 4.5 km from the property, offering a public education in English for grades JK to 8. All these schools are within a reasonable commuting distance, ensuring that your children can access quality education without long travel times. The variety of schools available caters to different educational preferences, making this property a suitable choice for families prioritizing education. Overall, the proximity to these schools enhances the appeal of the property, ensuring that your family’s educational needs are well met.

Key Statistics of the Neighbourhood

The area surrounding the property has a small population of 337 residents, with an average household size of 2.1 individuals. The demographic is characterized by a relatively mature population, with an average age of 49.5 years. The average household income stands at $72,000, with 12.8% of the population classified as low-income. The real estate market reflects an average property price of $400,000, and approximately 21.88% of residents are renters, while 12.5% live in condominiums. The community is diverse, with 12.28% of the population being immigrants. Single individuals make up 40.68% of the demographic, and 35% of households include children. Education levels are notably high, with 45.1% of residents holding a college or university degree. However, a significant portion of the population, 64.71%, is not actively participating in the labor force. This combination of factors indicates a stable, educated community with a mix of families and single residents, contributing to a balanced and vibrant neighborhood atmosphere.