306 St. Patrick Street, Norfolk, ON
Property Highlights
Welcome to this remarkable investment 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 $1,599,000 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 9 Bathrooms
- Premium 45 x 141 ft lot size
- Convenient outside/surface garage included
- equipped with no central cooling and highly efficient gas forced air open heating
Description
LOT 125.31 ft x 128.05 ft x 49.62 ft x 56.68 ft x 77.17 ft x 89.01 Investment Opportunity! 9 unit property with a view of Silver Lake in beautiful Port Dover. This rental complex consists of a 1-2 story home, a four-plex, and 4 little homes plus bonus detached garage/workshop. The house is a 3 bedroom, 1 bathroom with some updated windows and an updated bathroom. The 5-plex has 3 - 2 bedroom units and 1 - 1 bedroom unit plus a utility room and had a new steel roof installed approximately 8 years ago. There are 3 - 1 bedroom tiny homes and 1 - 2 bedroom tiny home. The garage has a cement floor & hydro and is partially finished. Most units have laundry hookups available. An amazing investment opportunity in a great location! Lot is irregular THIS IS A MULTIPLEX PROPERTY WITH 9 UNITS IN TOTAL FULLY SERVICED FOR RENT.PLEASE SEE SURVEY ATTACHED.PLEASE NOTE THE MEASURMENTS ARE FOR THE TWO STOREY HOUSE ONLY. Additional information on mpac report which gives square footage of buildings and survey also in attachments.
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Pricing & Value Insights
Data-driven valuation for 306 St. Patrick Street, Norfolk, ON N0A 1M0
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About Purchasing a Home in Norfolk, ON
For a property listed at $1,599,000 in Norfolk, the legal minimum down payment is $319,800 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 $28,455 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 $28,455.
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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.