556 James Street, Norfolk (Delhi) - Retail for Sale
556 James Street, Norfolk (Delhi), Ontario, N4B2C4
2,000 ft² lot size
$599,000
Norfolk
556 James Street, Norfolk (Delhi), Ontario, N4B2C4
$599,000
Norfolk
This retail property in Norfolk is for sale offering roughly 2,000 sq ft of space. It has been on the market 16 days, fresher than the Norfolk average of 101 days.
Exceptional opportunity to own a versatile MULTI-USE COMMERCIAL PROPERTY in the heart ofDelhi! Situated on a generous 0.208-acre lot with approximately 80 feet of frontage, thisfreehold property offers an excellent combination of commercial and residential space, makingit ideal for investors, entrepreneurs, and owner-operators. The property features tworesidential living areas with a total of 4 bedrooms and 2 kitchens, including 2 bedroomsupstairs and 2 bedrooms in the fully finished basement. Additionally, approximately 600 sq.ft. of dedicated retail space provides an excellent opportunity to establish a business orgenerate additional rental income. All three units feature separate electrical meters, withfurnaces installed for added convenience and independent utility management. Zoned CS, thismulti-use property offers flexibility for a variety of commercial and residentialopportunities, subject to municipal approvals. Conveniently located near local amenities,shopping, and major routes. Whether you're looking to operate your own business, expand yourreal estate portfolio, or explore multiple income streams, this property offers outstandingpotential. Don't miss this unique investment opportunity in Delhi! Buyers to verify zoning,permitted uses, and legal unit status. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 16 days on market, against an average age of 101 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 16 days, which is 85 days fresher than the city average of 101. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $599,000, about 7.7× the local median household income of $78,000.
Carrying it typically needs a household income of about $117,006 (20% down, 25-yr amortization, stress-tested) — roughly 50% above the area median.
Source: Statistics Canada, 2021 Census (FSA N4B)
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