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For saleMLS® 40820308

2474 Highway 24

Norfolk County, N3Y 4K3

$580,000

Bedrooms
3
Bathrooms
2
Interior
1,012 ft²
Lot
2 acres
Type
Detached

About this home

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.

Property details

Property type
Detached
Ownership
Freehold
Style
Bungaloft
Age
31-50 Years
Property taxes
$3,258
Heating
Forced Air, Natural Gas
Basement
Full, Unfinished, Sump Pump
Parking
3 spaces
Water
Sandpoint Well
Sewer
Septic Tank
Lot
2 acres
Zoning
A
Time on market
206 days on market
MLS® number
40820308

Features

Outside

  • Shingle Siding
  • Asphalt roof

The lot

  • Rural
  • Rectangular
  • School Bus Route

Included with the home: None

Rooms

Measurements are deemed reliable but not guaranteed.

Eat-in KitchenMain20' × 9' 11"
BedroomMain11' × 14' 3"
BathroomMain4' × 7' 5"2-Piece
BedroomMain13' × 9'
BedroomMain11' × 10'
BathroomMain8' 9" × 5'3-Piece

Location

Estimate your payment

20% down. The minimum on this price is $33,000.

Your monthly payment

$2,568

Mortgage amount
$464,000
Interest over the amortization
$306,434

An estimate at a fixed rate compounded twice a year. Insurance applies under 20% down. Your lender sets the real numbers, and the team can introduce you to a mortgage professional.

Ontario land transfer tax

How the tax adds up

Ontario land transfer tax by bracket
$0 to $55,0000.5%$275.00
$55,000 to $250,0001.0%$1,950.00
$250,000 to $400,0001.5%$2,250.00
$400,000 to $580,0002.0%$3,600.00

Ontario land transfer tax

$8,075

Tax before any refund
$8,075.00
You pay on closing
$8,075.00

For a home with one or two single-family residences anywhere in Ontario outside Toronto. Your real estate lawyer confirms the amount and pays it on closing.

Listed by Youming Zhao, Right at Home Realty.

Listing courtesy of the Cornerstone Association of REALTORS®. MLS® 40820308.

Listing content protected by copyright and licensed by Information Technology Systems Ontario. Information is deemed reliable but is not guaranteed accurate by ITSO. Measurements are deemed reliable but not guaranteed.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

The Brolly Group is a team of REALTORS® with RE/MAX Twin City Realty Inc., Brokerage. Each office independently owned and operated.

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