$619,000
Norfolk
2474 Highway 24, Norfolk (Townsend), Ontario, N0E1Y0
This 3-bedroom, 2-bathroom home in Norfolk is for sale.
Prime 2-Acre Investment Opportunity on High-Exposure Highway 24 in Waterford! Ideally located just minutes to Simcoe and Highway 3, approximately 15 minutes to Highway 403, 30 minutes to Brantford, and under 1 hour to Hamilton. This level, fully fenced property offers outstanding visibility, easy access, and excellent future potential. Featuring a wide concrete driveway with possible secondary farm access, this versatile parcel is ideal for a wide range of residential, agricultural, and commercial-style rural uses. The fertile sandy loam soil and picturesque creek at the rear create the perfect setting for greenhouse operations, nursery or garden center, hobby farm, landscaping yard, contractor shop, plumbing or mechanical workshop, dog daycare and training facility, mini storage business, or other agri-related enterprises. Plenty of space available for additional outbuildings, workshops, barns, greenhouses, or future expansion. Full services include natural gas, hydro, and high-speed internet, making this property ideal for live/work operations, home-based businesses, and long-term investment potential. Excellent exposure and strategic location provide strong opportunities for income generation and future growth, including possible long-term residential development potential. The property includes a detached 3-bedroom, 2-bath bungalow offering approximately 1,012 sq ft on the main level, plus a bright basement with large windows. Extensive renovations have already been completed (approximately 85%), including updated electrical, wall improvements, and a new pump system. Property is being sold in "as is" condition, presenting exceptional value-add potential for investors, entrepreneurs, or end users.Rare opportunity to own a highly versatile rural property with strong highway exposure, infrastructure in place, and multiple possible income streams. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 205 days on market, against an average age of 116 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 3-bed single family in Norfolk (Townsend) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $619,000, about 6.7× the local median household income of $92,000.
Carrying it typically needs a household income of about $120,912 (20% down, 25-yr amortization, stress-tested) — roughly 31% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0E)
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Loading rates, 30-yr amortization
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