159 Main Street, Norfolk, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of Delhi. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $440,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 18.23 x 87 ft lot size
- equipped with no central cooling and highly efficient baseboard heating
Description
Fantastic investment and ownership opportunity in the heart of Delhi! This multipurpose property offers both commercial and residential space, making it ideal for business owners, investors, or those seeking a live/work lifestyle. The main floor is currently set up as a popular sandwich shop, providing excellent street visibility and steady foot traffic. Upstairs, you'll find a spacious residential unit that can serve as owner-occupied living space or generate rental income. Conveniently located near downtown amenities, schools, and shopping, this building combines functionality with potential. Whether you're looking to expand your business portfolio, start your own venture, or enjoy the benefit of rental income, this property is ready to deliver.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 159 Main Street, Norfolk, ON N4B 2M1
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Norfolk, ON
For a property listed at $440,000 in Norfolk, the legal minimum down payment is $22,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $5,275 for this transaction. As this listing is in Norfolk (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $5,275.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.