2474 HIGHWAY 24 W, Norfolk (Townsend)

$619,000

For sale: Detached

Detached at 2474 HIGHWAY 24 W, Norfolk (Townsend)
Property type
Detached
Bedrooms / bathrooms
3 bedrooms, 2 bathrooms
Living area
1,500 sqft
MLS®
MLS® X12992906
Neighbourhood
Townsend

Prime 2-Acre Investment Opportunity on High-Exposure Highway 24 in Waterford! Ideally located just minutes to Simcoe and Highway 3, approximately 15 minutes to Highway 403, 30 minutes to Brantford, and under 1 hour to Hamilton. This level, fully fenced property offers outstanding visibility, easy access, and excellent future potential. Featuring a wide concrete driveway with possible secondary farm access, this versatile parcel is ideal for a wide range of residential, agricultural, and commercial-style rural uses. The fertile sandy loam soil and picturesque creek at the rear create the perfect setting for greenhouse operations, nursery or garden center, hobby farm, landscaping yard, contractor shop, plumbing or mechanical workshop, dog daycare and training facility, mini storage business, or other agri-related enterprises. Plenty of space available for additional outbuildings, workshops, barns, greenhouses, or future expansion. Full services include natural gas, hydro, and high-speed internet, making this property ideal for live/work operations, home-based businesses, and long-term investment potential. Excellent exposure and strategic location provide strong opportunities for income generation and future growth, including possible long-term residential development potential. The property includes a detached 3-bedroom, 2-bath bungalow offering approximately 1,012 sq ft on the main level, plus a bright basement with large windows. Extensive renovations have already been completed (approximately 85%), including updated electrical, wall improvements, and a new pump system. Property is being sold in "as is" condition, presenting exceptional value-add potential for investors, entrepreneurs, or end users.Rare opportunity to own a highly versatile rural property with strong highway exposure, infrastructure in place, and multiple possible income streams.

Sold data

Detached homes in Norfolk (Townsend) — recent sold market

Detached homes in Norfolk (Townsend) took a median of 44 days to sell over the last 90 days, with the quickest quarter selling within 19 days and the slowest quarter taking more than 73, across 116 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 61 days.

The median sale price was $636,950.

Homes sold for about 3.4% below asking on average, so there was room to negotiate.

About 9% of sales closed above the list price.

Around 33% of sellers reduced their price before finding a buyer.

Median days to sell
44
Median sale price
$636,950
Sale-to-list ratio
96.6%
Sold above asking
9%

Based on 116 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 2474 HIGHWAY 24 W