$1,099,999

For sale

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211 Thompson Road West, Norfolk (Waterford) - Single Family for Sale

211 Thompson Road West, Norfolk (Waterford), Ontario, N0E1Y0

0 beds0 baths5 parking ft²

30 Hare Street, Norfolk (Waterford), Ontario, N0E1Y0

5 bd3 ba6 pk1,750 ft²

Listed by ROYAL LEPAGE STATE REALTY

271 College Street West, Norfolk (Waterford), Ontario, N0E1Y0

For sale

36 days ago

$600K

271 College Street West, Norfolk (Waterford), Ontario, N0E1Y0

4 bd2 ba3 pk900 ft²Lot size 50 × 125 ft (6,250 sq ft)

Listed by SHAW REALTY GROUP INC.

354 Mechanic Street, Norfolk (Waterford), Ontario, N0E1Y0

For sale

37 days ago

$1.30M

354 Mechanic Street, Norfolk (Waterford), Ontario, N0E1Y0

5 bd4 ba16 pk4,250 ft²Lot size 50 × 302 ft (15,100 sq ft)

Listed by REAL BROKER ONTARIO LTD.

218 Mechanic Street West, Norfolk (Waterford), Ontario, N0E1Y0

For sale

47 days ago

$650K

218 Mechanic Street West, Norfolk (Waterford), Ontario, N0E1Y0

4 bd2 ba6 pk1,300 ft²Lot size 47 × 122 ft (5,710 sq ft)

Listed by REVEL REALTY INC.

Investment analysis

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$1,099,999

Norfolk

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144 × 524 ft (1.72 acres) lot size

Overview

This home in Norfolk is for sale offering roughly 350 sq ft of space. It has been on the market 22 days, fresher than the Norfolk average of 51 days.

Houses for Sale in Norfolk →All real estate in Norfolk →

Description

Exceptional Development Opportunity in Waterford! Discover 2.6 acres of land with approximately 144 feet of frontage and 524 feet of depth, offering a multitude of possibilities. Zoned for development and ideally located near major routes and local amenities, this property presents an exciting opportunity for builders, developers, and investors. A preliminary concept plan is available, providing a starting point for exploring the site's potential. With municipal hydro, natural gas, and waste-water solutions available, this is a rare opportunity to secure a substantial development parcel in a growing Norfolk community. (id:66096)

Property Details

MLS®: X14029104
Property Type: Single Family
Zoning: D
Bedrooms: 0
Beds (above / below): 0 above · 0 below
Bathrooms: 0
Parking: 5
Interior Size: 350 ft²
Lot Size: 144 × 524 ft (1.72 acres)
Frontage: 144 ft
Storeys: 1
Basement: None
Heating: Natural gas, Other
Garage: No Garage
Ownership: Freehold
Property Tax: $2,764.32/yr
Listed: 22 days ago

Rooms

Main level

Workshop: 6.1 x 1.5 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Foundation: Unknown
Exterior: Aluminum siding

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

22d

Norfolk (Waterford) listings, avg age

51d

Price / ft²

$3,147

List price

$1.10M

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 single family in Norfolk (Waterford) has been listed for 22 days, which is 29 days fresher than the city average of 51. Act while there is still low competition.

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Listed by RE/MAX ESCARPMENT REALTY INC. · TOBIAS RICHARD SMULDERS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N0E)

This home lists at $1,099,999, about 12.0× the local median household income of $92,000.

Carrying it typically needs a household income of about $214,868 (20% down, 25-yr amortization, stress-tested) — roughly 134% above the area median.

Median household income: $92,000
Population: 36,557
Median age: 46
Owner / renter: 88% / 12%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA N0E)

$1,099,999· $3,147/ft²

For sale

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Full Cost Breakdown

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Down Payment7.73% · $84,999.90

Min 7.73%50%

Mortgage payment$5,627/mo

↳ CMHC premium ($40,600 capitalized)

Property tax (est.)$230/mo

Total monthly$5,858

Cash Needed to Close

Down payment (7.73%)$85,000

Land transfer tax$18,475

Est. closing costs$5,800

Total cash needed$109,275

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice