$649,900
For sale: Other

Positioned in the heart of downtown Waterford, 57 Main Street South presents a compelling opportunity for investors and entrepreneurs alike. This well-kept mixed-use building offers strong visibility along the town's main corridor, surrounded by local shops, community amenities, and steady foot traffic that supports long-term business success. The main level is home to a thriving convenience store-the only one of its kind in town-creating a built-in customer base and a rare competitive advantage. With the current owner preparing for retirement, there is immediate potential to step in and grow the business further. Expanded operating hours could significantly increase revenue, while existing income streams such as lottery commissions already contribute consistent monthly returns. Above, two residential units provide reliable supplementary income and flexibility. A spacious two-bedroom apartment and a bright studio unit offer strong rental appeal, making this property ideal for those seeking a live-work lifestyle or a fully tenanted investment. Located in a welcoming and steadily growing community within Norfolk County, Waterford continues to attract visitors and residents alike with its small-town charm, local events, and nearby outdoor attractions like the Waterford Heritage Trail. Its convenient proximity to Brantford and Simcoe further enhances its appeal for commuters and business owners. Whether you're looking to expand your investment portfolio or establish a business with built-in residential income, this versatile property offers both immediate returns and future growth potential in one of Norfolk County's most desirable small-town settings.
Sold data
Homes in Norfolk (Waterford) took a median of 40 days to sell over the last 90 days, with the quickest quarter selling within 20 days and the slowest quarter taking more than 74, across 150 recorded sales.
The median sale price was $599,450.
Homes sold for about 3.9% below asking on average, so there was room to negotiate.
About 8% of sales closed above the list price.
Around 32% of sellers reduced their price before finding a buyer.
Based on 150 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
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