$619,000
2474 HIGHWAY 24 W
Beds
3
Baths
2
Sqft
—
Year
—
Location
See the block, not just the house.
Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
About this home
Prime 2-acre investment opportunity located on high-exposure Highway 24 in Waterford, just minutes to Simcoe, ~30 minutes to Brantford, and under 1 hour to Hamilton. This level, fully fenced parcel offers excellent accessibility with a wide concrete driveway and strong future potential for an additional farm access .Featuring fertile sandy loam soil and a scenic creek at the rear, the property is well-suited for a variety of income-generating uses, including greenhouse operations, nursery/garden center, hobby farm, landscaping yard, contractor shop, or agri-related business. Ample space to construct outbuildings such as workshops, barns, or greenhouses. Full services available: natural gas, hydro, and high-speed internet-ideal for both residential and commercial-style rural operations. Zoning and location provide strong appeal for live/work setups and small business expansion. Improved with a 3-bedroom, 2-bath bungalow (approx. 1,012 sq ft main level) plus a bright basement with large windows. Significant renovations already completed (approx. 85%), including electrical updates, wall improvements, and new pump system. Property sold "as is," offering value-add potential for investors or end users. Rare opportunity to secure a versatile rural asset with excellent exposure, infrastructure, and multiple income streams. (id:65958)
- Subtype
- Single Family
- Architectural style
- Bungalow
- Structure
- House
- Community
- Townsend
- Common interest
- Freehold
- Lot dimensions
- 70 x 681 FT
- Bedrooms
- 3 above grade
- Parking
- 3 total
- Stories
- 1
- On market
- Apr 13, 2026
- Status changed
- Apr 13, 2026
- Annual tax
- $3,258 (2025)
- Zoning
- A
- Photos
- 26
- MLS#
- X12992906
- Area
- NORFOLK_(TOWNSEND)
Features and systems
Parking
Basement
Heating
Cooling
Exterior
Foundation
Lot
Cash on cash
-11.93%
Cap rate
3.50%
GRM
16.6
Break-even rent
$4,395
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Lifestyle nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Norfolk (Townsend). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 13, 2026.