1019 BAY Street, Norfolk, ON
Property Highlights
Welcome to this remarkable investment located in the coveted neighborhood of Port Rowan. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $579,900 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 30.46 x 82.29 ft lot size
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
Exceptional investment opportunity in Port Rowan. Commercial building located in the heart of a thriving and growing lakeside community. Excellent street visibility with steady foot traffic. Main level is currently leased to Coldwell Banker Momentum Realty Brokerage. Street parking is available and property includes parking at the rear. Huge unfinished basement has high ceilings and a garage door with remotes for storage or future development. Basement could be used separate of the main level. The building has been completely renovated since 2019 inside and out. 1800 sq. ft. on each level. Zoning may allow for a variety of uses.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1019 BAY Street, Norfolk, ON N0E 1M0
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About Purchasing a Home in Norfolk, ON
For a property listed at $579,900 in Norfolk, the legal minimum down payment is $32,990 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 $8,073 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 $8,073.
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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.