396 William Street, Norfolk, ON
Property Highlights
Welcome to this remarkable 2-Storey triplex located in the coveted neighborhood of Rural Middleton. Expertly crafted featuring premium hardboard construction, this residence presents an exceptional opportunity offered at $499,000 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.
- 5 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 88.5 x 179.81 ft lot
- Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available
- Notable attributes: Water Heater
- Efficient forced air heating via gas
Description
A rare opportunity awaits with this fully renovated Triplex, set in a picturesque country setting and backing directly onto the serene waters of Black Creek. Combining charm, character, and modern updates, this property offers strong income potential with three fully rented units. The layout includes two spacious two-bedroom suites as well as a bright one-bedroom unit with a versatile den or office. The property has undergone extensive renovations and upgrades. A new roof was installed less than two years ago, while two furnaces were updated within the past two years and an additional furnace servicing the upstairs unit was installed only six months ago. The septic tank is just three years old, and the windows have been replaced in stages, some within the past four years and others more recently. Two backyard decks were also added, providing private outdoor space for tenants to enjoy the natural surroundings. Tenants enjoy a tranquil setting with beautiful views, while still being within easy reach of nearby towns, amenities, and commuter routes. With all major systems updated and a strong rental history already in place, this property is a turn-key investment in a truly one-of-a-kind setting.
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Pricing & Value Insights
Data-driven valuation for 396 William Street, Norfolk, ON N4B 2X5
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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 $499,000 in Norfolk, the legal minimum down payment is $24,950 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 $6,455 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 $6,455.
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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.