285 Highway 3 Norfolk, ON N4G 4G7
Listing Courtesy of: MLS LogoCREA - C21 Brokers / Century 21 Heritage House Ltd Brokerage / CENTURY 21 Heritage House Ltd. Brokerage / Nick G. Lalli

  285 Highway 3 Norfolk, ON N4G 4G7

Active (3 Days)
$1,771,000 (CAD)
1
SQFT
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Description

Very well-maintained 7-unit apartment building generating a strong 7.14% cap rate with all units fully leased and tenants in good standing. Unit mix includes 1 two-bedroom, 1 three-bedroom, 2 one-bedrooms, and 3 bachelor apartments, each updated over time between tenancies. Ample on-site parking and a 3,000 sq. ft. insulated and heated detached garage/shop with plumbing, currently used by the owner but easily leasable for hobby use, storage, or small commercial tenantsestimated at ~$2,500/month plus expenses. The property fronts on two roads with access from both, sitting on an irregular 1.09-acre CH-zoned corner lot allowing for multiple future-use opportunities or additional income potential. Gross potential income including shop rental: $148,500/year, 2024 expenses approx. $21,900, net income $126,600. Conveniently located along Highway 3 between Tillsonburg and Delhi. (id:42016)

MLS®:
X12449811
Taxes
$10,772
Lot Size
1.09 acres
Type
Multifamily
County
Norfolk County

Listed By

Cole Shelly, Century 21 Heritage House Ltd Brokerage
Nick G. Lalli, CENTURY 21 Heritage House Ltd. Brokerage
Source
CREA - C21 Brokers
Last checked Oct 10 2025 at 1:35 PM EDT
Bathroom Details
Lot Information
  • Irregular Lot Size
Heating and Cooling
  • Other
Utility Information
  • Sewer: Septic System
Living Area
  • 1 sqft
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by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Listing Data Last Updated: 10/10/25 06:35

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