Incredible opportunity to own a multi-unit residential package just minutes from Port Dover, Turkey Point, Simcoe, and the scenic shores of Lake Erie. This property includes a total of three addresses (449, 451, and 455 Port Ryerse Road) that have amalgamated into one live in one, rent the others, or invest in all for serious cash flow potential. The primary residence at 451 Port Ryerse features a spacious 4-bedroom home, a self-contained bachelor unit, and a 2-bedroom unit above the garage. Two unconfirmed additional units one in the basement and one detached at the rear offer further upside for savvy investors. Each unit has separate hydro service. A large 30' x 80' detached garage is perfect for workshop use or extra income potential, and the property also features a 20' x 40' inground pool. Gross income potential is estimated between $140,000-$158,000 annually across residential rents, garage/shop rental, and commercial storage operations. Zoned MR (Marine Residential), the property supports its current uses with no redevelopment permitted, offering stable, long-term income in a high-demand recreational area. Seize this rare chance to secure a fully integrated residential and commercial investment minutes from Lake Erie's waterfront! Own all three properties in one purchase 449, 451 & 455 Port Ryerse Road! (id:4069)
Address
451 PORT RYERSE ROAD
List Price
$935,000
Property Type
Multi-family
Type of Dwelling
Other
Area
Ontario
Sub-Area
Norfolk (port Ryerse)
Bedrooms
6
Bathrooms
5
Floor Area
25,003,000 Sq. Ft.
Lot Size
272 x 225 FT Sq. Ft.
MLS® Number
X12124134
Listing Brokerage
Century 21 Heritage House Ltd Brokerage
Basement Area
N/A (Partially finished)
Postal Code
N3Y4K2
Zoning
MR
Site Influences
Marina
Features
Sump Pump
