1126 LAKESHORE Road, Norfolk, ON
Property Highlights
Welcome to this remarkable farm located in the coveted neighborhood of Rural Houghton. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $900,000 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
- Spacious lot size measured in Feet
Description
Super Rare Opportunity! Stunning 50.5-acre farm property overlooking Lake Erie with 1,100 of lake frontage. There are approx. 37 workable sandy-loam acres, currently in a cash crop rotation by the owner and never grown ginseng. There is a wind turbine on the property which netted $8,662.60 in total for 2023 in rental income & profit sharing. Build your dream home here with the A-HL zoning. Imagine the possibilities this wonderful property presents. Do not delay, book your private viewing today before this once-in-a-lifetime opportunity passes you by!
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1126 LAKESHORE Road, Norfolk, ON N0E 1C0
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About Purchasing a Home in Norfolk, ON
For a property listed at $900,000 in Norfolk, the legal minimum down payment is $65,000 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 $14,475 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 $14,475.
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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.