Size
2505 sqft
Lot size
1.72 Acre
Street frontage
-
Possession
-
Price per sqft
$309
Taxes
$7,553.04 (2024)
Parking Type
-
Style
Other
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Description
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 with a 20' x 40' inground pool. The property boasts one other unit: a one 2-bedroom unit above the separate garage.. Each unit has its own hydro service. A large 30' x 80' detached garage is perfect for the owners personal workshop or can be leased out for extra income potential. Gross income POTENTIAL is estimated between $140,000-$158,000 annually across residential rents, garage/shop rental, and commercial storage operations. Zoned MR, 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 addresses in one purchase 449, 451 & 455 Port Ryerse Road!
Broker: CENTURY 21 HERITAGE HOUSE LTD. BROKERAGE
MLS®#: 40732950
Property details
Parking:
16
Parking type:
-
Property type:
Duplex
Heating type:
Forced Air
Style:
Other
MLS Size:
2505 sqft
Lot front:
272 Ft
Lot depth:
275 Ft
Listed on:
May 5, 2025
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