$1,580,000
For sale: Other

Situated in the heart of downtown Port Dover, 331 Main St is a large mixed-use commercial property offering a sound investment opportunity in a prime lakeside community business location. This substantial semi-detached building with streetfront visibility, steady car and foot traffic and dual-street access spanning all the way back to St. George Street. In addition to the Public Parking lot next door and available street parking, there is the added bonus of a sizeable private parking lot off of St. George Steet for customers, staff and deliveries. The main level features 5,536 square feet of commercial space, currently rented by a well established retail store along with the expansive basement which provides functional storage space, a private office, kitchenette/staff room, and a washroom. The upper level houses two fully self-contained residential apartments, each with independent private entrances (at either end of the building), kitchens, dedicated in-suite laundry rooms, and private rooftop patio areas. The first upper unit boasts a spacious 3-bedroom, 1-bathroom layout, while the second unit offers a comfortable 1-bedroom, 1-bathroom configuration. This versatile property has had several recent updates and seamlessly combines steady commercial income with residential revenue in the downtown core of this popular lakeside community.
Sold data
Homes in Norfolk (Port Dover) took a median of 45 days to sell over the last 90 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 79, across 134 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 66 days.
The median sale price was $599,950.
Homes sold for about 3.3% below asking on average, so there was room to negotiate.
About 9% of sales closed above the list price.
Around 28% of sellers reduced their price before finding a buyer.
Based on 134 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
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