1045 Bay Street, Norfolk, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Port Rowan. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $449,999 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.
- 3 Bedrooms and 1 Bathroom
- Generous living space spanning 1100-1500 sqft on a premium 40.57 x 86.59 ft lot
- 1.0 total parking spaces available
- Notable attributes: Other
- Efficient forced air heating via other
Description
INVESTMENT OPPORTUNITY WITH COMMERCIAL ZONING! Welcome to 1045 Bay Street in the heart of Port Rowan, a unique property offering exceptional flexibility and income potential. Zoned for commercial use, this property opens the door to a variety of business, investment, and mixed-use possibilities. Whether you're an entrepreneur looking to operate a business from home, an investor seeking multiple revenue streams, or someone looking for a property with future development potential or just enjoy being close to lakeside living, this is an opportunity worth exploring. The property features ample space to generate additional income through rental opportunities, home-based business operations, or other permitted commercial ventures. Situated in a high-visibility location within a growing lakeside community, you'll benefit from excellent exposure while being just minutes from local amenities, marinas, and the renowned Long Point area. Properties offering this combination of commercial zoning, income potential, and prime location are increasingly hard to find. Unlock the possibilities and discover the value this versatile property has to offer. Book your private showing today!
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Pricing & Value Insights
Data-driven valuation for 1045 Bay Street, Norfolk, ON N0E 1M0
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About Purchasing a Home in Norfolk, ON
For a property listed at $449,999 in Norfolk, the legal minimum down payment is $22,500 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 $5,475 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 $5,475.
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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.