$1,580,000
Norfolk
331 Main Street, Norfolk (Port Dover), Ontario, N0A1N0
This retail property in Norfolk is for sale offering roughly 11,252 sq ft of space. It has been on the market 43 days, fresher than the Norfolk average of 72 days.
Situated in the heart of downtown Port Dover, 331 Main St is a large mixed-use commercial property offering a sound investment opportunity in a prime lakeside community business location. This substantial semi-detached building with streetfront visibility, steady car and foot traffic and dual-street access spanning all the way back to St. George Street. In addition to the Public Parking lot next door and available street parking, there is the added bonus of a sizeable private parking lot off of St. George Steet for customers, staff and deliveries. The main level features 5,536 square feet of commercial space, currently rented by a well established retail store along with the expansive basement which provides functional storage space, a private office, kitchenette/staff room, and a washroom. The upper level houses two fully self-contained residential apartments, each with independent private entrances (at either end of the building), kitchens, dedicated in-suite laundry rooms, and private rooftop patio areas. The first upper unit boasts a spacious 3-bedroom, 1-bathroom layout, while the second unit offers a comfortable 1-bedroom, 1-bathroom configuration. This versatile property has had several recent updates and seamlessly combines steady commercial income with residential revenue in the downtown core of this popular lakeside community. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 43 days on market, against an average age of 72 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 (Port Dover) has been listed for 43 days, which is 29 days fresher than the city average of 72. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,580,000, about 18.0× the local median household income of $88,000.
Carrying it typically needs a household income of about $308,629 (20% down, 25-yr amortization, stress-tested) — roughly 251% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0A)
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