Welcome to this remarkable commercial retail located in the coveted neighborhood of Port Dover. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $4,500,000 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.
Own a slice of history and tradition, a beloved landmark property in the heart of Port Dover, Ontario. The Erie Beach Hotel has been one of the cornerstones of Port Dover's tourism and culinary scene for over 75 years. Perfectly positioned in this charming Lake Erie beach town, this property offers a rare and compelling opportunity for hotel, restaurant, investors or property developers. The hotel portion of the iconic property features 18 renovated motel-style rooms that provide comfort and convenience for overnight guests. Whether catering to seasonal tourists, beachgoers, or event attendees, the accommodations are poised to generate consistent year-round revenue. The restaurant portion has three distinct dining venues, including: The Cove Room, known for casual yet classic dining, The Terrace Room, offering an elevated experience, and a rooftop patio with sweeping views of Lake Erie-a sought-after destination for summer dining, drinks, and events. With a combined licensed indoor capacity of 652 and outdoor capacity of 198, this venue is ideal for high-volume service, weddings, corporate events, and seasonal festivals. Whether you're an experienced restaurateur, hotel operator, or lifestyle investor seeking a thriving business in a picturesque beach town, the Erie Beach Hotel is a turnkey opportunity rich with brand value, local heritage, and future potential. Seize the chance to own a beloved destination and write the next chapter of this historic gem.
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Data-driven valuation for 19 Walker Street, Norfolk, ON N0A 1N0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Norfolk.
About Purchasing a Home in Norfolk, ON
For a property listed at $4,500,000 in Norfolk, the legal minimum down payment is $900,000 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 $98,975 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 $98,975.
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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.