2222 Norfolk Street, Norfolk, ON
Property Highlights
Welcome to this remarkable industrial located in the coveted neighborhood of Simcoe. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $899,000 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 156.01 x 279.46 ft lot size
- equipped with no central cooling and highly efficient gas forced air closed heating
Description
Prime commercial opportunity in the heart of Norfolk County, offering exceptional exposure along high-traffic Norfolk Street. This well-established property is currently operating as a long-standing mechanic garage with vehicle sales, backed by a loyal client base and strong potential for future growth.The approximately 4,000 sq. ft. building features a functional shop layout with 3-phase power, a dedicated office/reception area, and two bathrooms (one employee and one public). Situated on just under 1 acre, the property provides outstanding visibility, easy access, and ample on-site parking, with plenty of room for expansion. Ideal for owner-operators or investors, this versatile property supports a wide range of commercial or mixed-use opportunities. Sale includes inventory and equipment, allowing for seamless, turnkey operation. A Phase 1 Environmental Report has already been completed for added peace of mind.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 2222 Norfolk Street S, Norfolk, ON N3Y 4K2
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 $899,000 in Norfolk, the legal minimum down payment is $64,900 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 $14,455 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 $14,455.
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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.