$629,000
Norfolk
$629,000
Norfolk
136 King Street, Norfolk (Delhi), Ontario, N4B1X8
This retail property in Norfolk is for sale offering roughly 2,302 sq ft of space. It has been on the market 65 days, fresher than the Norfolk average of 102 days.
Bring your business and investment strategy together at 136 King Street in downtown Delhi. This freehold mixed-use property offers a street-facing commercial storefront, a main-floor one-bedroom apartment and a second-floor three-bedroom apartment. The approximately 600 sq. ft. commercial unit is currently leased, while both residential units are vacant, allowing the purchaser to select future tenants or occupy one unit while generating income from the others. Both residential units have been freshly renovated with quality finishes and careful craftsmanship, creating bright, attractive spaces ready for occupancy. The building features separate entrances, three furnaces, three water heaters and two air-conditioning units. Additional features include on-site parking, CBD zoning and a 32 ft. by 163.68 ft. lot. A versatile opportunity for an investor or owner-operator seeking commercial space with two residential income streams. Some photos virtually staged. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 65 days on market, against an average age of 102 days across the listings currently for sale in this city
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.
This retail in Norfolk (Delhi) has been listed for 65 days, which is 37 days fresher than the city average of 102. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $629,000, about 8.1× the local median household income of $78,000.
Carrying it typically needs a household income of about $122,866 (20% down, 25-yr amortization, stress-tested) — roughly 58% above the area median.
Source: Statistics Canada, 2021 Census (FSA N4B)
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