451 Port Ryerse Road

Nestled in the charming community of Port Ryerse, this incredible opportunity awaits you with a Multi-Family Home for sale in Norfolk . Located at 451 Port Ryerse Road, Norfolk, this impressive multiplex building boasts a wealth of features that make it a prime investment for those looking to capitalise on the thriving rental market in the area.

The property at 451 Port Ryerse Road, Norfolk, is a two-storey marvel clad in durable vinyl siding, ensuring both aesthetic appeal and longevity. With a generous lot size of 272 x 225 feet, there's plenty of space for outdoor activities, and the inground pool adds a delightful touch for those warm summer days. While the property does not feature a fireplace, it does come equipped with central air conditioning, ensuring comfort throughout the warmer months.

Inside, the Multi-Family Home for sale in Norfolk offers an impressive total of 24 rooms, including five spacious bedrooms and a den, making it ideal for families or groups of tenants. The two kitchens provide ample space for meal preparation, catering to the needs of multiple households. With five bathrooms in total, the convenience of this property cannot be overstated, especially for those looking to accommodate several tenants or family members.

One of the standout features of this property is the potential for additional income. The main residence at 451 Port Ryerse Road, Norfolk, includes a self-contained bachelor unit and a two-bedroom unit above the detached garage, allowing for multiple rental opportunities. There are also two unconfirmed additional units, one in the partially finished basement and another detached at the rear, which could further enhance your investment. Each unit benefits from separate hydro services, ensuring that utilities are easily managed.

The detached garage, measuring an impressive 30' x 80', is perfect for workshop use or can be rented out for additional income, adding to the overall gross income potential of the property. With an estimated annual income ranging between £140,000 and £158,000 from residential rents, garage/shop rental, and commercial storage operations, this Multi-Family Home for sale in Norfolk is a sound investment for savvy buyers.

Zoned MR (Marine Residential), the property supports its current uses without the possibility of redevelopment, providing a stable and long-term income stream in a highly sought-after recreational area. The proximity to Port Dover, Turkey Point, Simcoe, and the stunning shores of Lake Erie makes this location particularly appealing for both residents and tourists alike.

Parking is another advantage of this property, with space for up to ten vehicles, ensuring that tenants and guests have ample room for their cars. Although there is no central vacuum system or family room, the spacious layout and abundance of rooms compensate for these minor omissions, making this Multi-Family Home for sale in Norfolk an attractive option for those looking to invest in a versatile property.

In summary, 451 Port Ryerse Road, Norfolk, presents a unique opportunity to own a multi-unit residential package in a prime location. With a combination of residential and commercial potential, this property is perfect for anyone looking to live in one unit while renting out the others, or for investors seeking a lucrative addition to their portfolio. Don’t miss out on this rare chance to secure a fully integrated residential and commercial investment just minutes from Lake Erie’s waterfront. Make the most of this Multi-Family Home for sale in Norfolk and seize the opportunity to own all three properties at 449, 451, and 455 Port Ryerse Road!

Port Ryerse, nestled on the picturesque shores of Lake Erie in Norfolk County, is a charming and tranquil geographic enclave that offers a unique blend of natural beauty and small-town charm. This quaint lakeside community is characterised by its scenic waterfront, where residents can enjoy stunning sunsets and a variety of outdoor activities, from boating to fishing. The area boasts a rich history, with quaint cottages and well-preserved architecture that reflect its heritage. Surrounded by lush greenery and open spaces, Port Ryerse provides a peaceful retreat while still being conveniently located near larger towns for shopping and amenities. Ideal for those seeking a serene lifestyle, it’s a perfect spot to unwind and connect with nature.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an excellent choice for families. The closest option is Lakewood Elementary School, situated just 4.8 km away, offering both English and French language instruction for students from junior kindergarten to grade 8. It is part of the Grand Erie District School Board and serves as a public school. Additionally, St. Cecilia School, located 4.1 km from the property, provides a Catholic education in English for the same grade levels, under the Brant Haldimand Norfolk Catholic District School Board. Both schools are within a short driving distance, ensuring that children can easily access quality education. While the school ratings are currently not available, the proximity to these institutions highlights the family-friendly nature of the neighborhood. Whether you prefer a public or Catholic education, this area offers a variety of options to suit your family's needs. Overall, the availability of these schools nearby enhances the appeal of this property for potential buyers seeking a supportive community for their children’s education.