$599,900

For sale

10 Crescent Park, Norfolk (Port Dover) - Single Family for Sale

10 Crescent Park, Norfolk (Port Dover), Ontario, N0A1N0

5 beds3 baths4 parking2,250 ft²113 × 85 ft (9,563 sq ft) lot sizeListed 53 days ago

Overview

This 5-bedroom, 3-bathroom home in Norfolk is for sale offering roughly 2,250 sq ft of space. It has been on the market 53 days, fresher than the Norfolk average of 74 days.

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Description

2 houses on 1 lot + opportunity to sever and build! This unique property is a rare offering: a large detached 2.5 story family sized home with 4 bedrooms and 2 full baths PLUS a fully detached 1 bedroom, 1 bathroom house at the rear of the property. Both properties are connected to municipal sewer, water, natural gas furnace and central air conditioning. Both properties are currently vacant for ease of sale transfer but were previously rented out continuously generating over $4000 in monthly income through long term tenants and short term rental. A unique opportunity to explore severance of the lot (112.5 feet of frontage!) for additional development. Either property could be owner occupied with the other generating substantial monthly income, or purchase it as part of your growing real estate portfolio. Just 200 m from lake access, this property is easily rented seasonally, short term, and long term tenants alike. (id:66096)

Property Details

MLS®: X13779910
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 4 above · 1 below
Bathrooms: 3
Parking: 4
Interior Size: 2,250 ft²
Lot Size: 113 × 85 ft (9,563 sq ft)
Frontage: 113 ft
Storeys: 2
Basement: Unfinished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax: $3,210/yr
Listed: 53 days ago

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Foundation: Concrete
Exterior: Aluminum siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

53d

Norfolk (Port Dover) listings, avg age

74d

Price / ft²

$267

List price

$600K

Homes here sell slower than most markets

Sold homes in this market spent an average of 62 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 5-bed single family in Norfolk (Port Dover) has been listed for 53 days, which is 21 days fresher than the city average of 74. Act while there is still low competition.

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Listed by SUTTON GROUP - SELECT REALTY INC. · JANA VERBAKEL LEACH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0A)

This home lists at $599,900, about 6.8× the local median household income of $88,000.

Carrying it typically needs a household income of about $117,181 (20% down, 25-yr amortization, stress-tested) — roughly 33% above the area median.

Median household income: $88,000
Population: 31,957
Median age: 50.8
Owner / renter: 88% / 12%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA N0A)

$599,900· $267/ft²

For sale

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Full Cost Breakdown

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Down Payment5.83% · $34,990

Min 5.83%50%

Mortgage payment$3,132/mo

↳ CMHC premium ($22,596 capitalized)

Property tax (est.)$268/mo

Total monthly$3,399

Cash Needed to Close

Down payment (5.83%)$34,990

Land transfer tax$8,473

Est. closing costs$4,300

Total cash needed$47,763

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