589 CHARLOTTEVILLE ROAD 8, Norfolk

$8,695,000
589 CHARLOTTEVILLE ROAD 8

$8,695,000

New
171d
FarmBungalow

589 CHARLOTTEVILLE ROAD 8, Norfolk

Total Monthly Obligation $37,202

Beds
3
Baths
2
Park
10
Sqft
1500-2000
DOM
171d
Property Type-Farm
MLS® Number-X13082824
Beds-3
Bathrooms-2
Size-1500-2000 sqft
Lot Size-1008 × 2271 ft
Listed on site-May 5, 2026
Style-Bungalow
Building Type-Farm
Taxes-$21,040.03 (2025)
Parking-10 - None
Basement-Partially Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX a-b Realty Ltd Brokerage
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-North
Exterior-Brick
Possession-Flexible
Neighbourhood-Rural Charlotteville
Title-Residential Freehold

No agent assigned

An exceptional opportunity to acquire a well-established, large-scale wholesale tulip operation with over 20 years of proven success. Situated on 50 acres, this turnkey business has been continually expanded and improved, with significant capital investment over the past decade. The property features 98,000 sq. Ft. of double poly greenhouse space with the capacity to produce up to 15 million tulip stems annually. Supporting infrastructure is extensive and purpose-built, including 26,000 Sq. Ft. of dry warehousing (2022), 22,000 Sq. Ft. of cold storage, automated packaging and processing lines, and a modern employee bunkhouse accommodating up to 20 staff. With a strong, established wholesale customer base across north America, this operation offers immediate cash flow and long-term growth potential. The site is well-positioned for expansion, with sufficient land and infrastructure in place to potentially double greenhouse production. An ideal opportunity for investors or operators looking to enter or expand within the floriculture industry or to repurpose a highly improved agricultural asset for alternative greenhouse crops.

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Closing Costs

Mortgage Amount
$6,956,000
Land Transfer Taxes$203,850
Legal Fees (Est.)
$
Total cash required for closing$1,944,350

Total Monthly Obligation

$37,202/mo
Mortgage $35,073
Monthly Loss $27,972
Principal$9,229
Interest$25,844
Property Tax$1,753
Home Insurance$125
Variable Costs$250

No rent estimate available. Enter a monthly rent in Assumptions & Inputs below to calculate.

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 589 CHARLOTTEVILLE ROAD 8

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