541 Old Highway 24 Road, Norfolk

$1,149,000
541 Old Highway 24 Road

$1,149,000

New
54d
DetachedBungalow

541 Old Highway 24 Road, Norfolk

Total Monthly Obligation $5,721

Beds
4
Baths
2
Park
6
Sqft
2000-2500
DOM
54d
Yield
2.8%
Cash on Cash
-12.7%
Cap Rate
1.9%
5Y IRR
5.7%
10Y IRR
7.0%
Property Type-Detached
MLS® Number-X13729632
Beds-4
Bathrooms-2
Size-2000-2500 sqft
Lot Size-65 × 372.25 ft
Listed on site-Aug 30, 2026
Style-Bungalow
Building Type-Detached
Age-31-50
Taxes-$8,540.69 (2025)
Parking-10 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE STATE REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-Above Ground
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Septic
Possession-Flexible
Neighbourhood-Townsend
Title-Residential Freehold

No agent assigned

Welcome to a truly exceptional country estate in Waterford, where refined living, privacy and versatility come together in an unforgettable setting. Set amidst the peaceful countryside of Norfolk County, this impressive executive residence offers the space and amenities to enjoy everyday living at its finest-whether hosting family and friends, working from home, accommodating multiple generations or simply escaping to your own private retreat. Inside, the home is warm, spacious and beautifully appointed, with rich hardwood flooring and expansive windows that capture picturesque pastoral views. The heart of the home is a chef-inspired kitchen, thoughtfully designed with granite countertops, a large centre island, extensive storage and upgraded cabinetry. Step outside onto the covered entertaining deck and enjoy the ease of indoor-outdoor living. The professionally landscaped grounds create a private backyard oasis, complete with irrigation and an automatic sprinkler system. A heated outdoor pool and expansive sundeck invite you to slow down and enjoy summer days at home, while the custom sculptural water fountain adds a distinctive focal point to the property. The main-floor granny suite adds valuable flexibility, making the home ideal for multigenerational living, extended family or guests.The finished lower level offers even more room to spread out, featuring a massive recreation room, games room, private office, additional bedroom, ample storage and dedicated space for a future wine cellar. For the hobbyist, entrepreneur or serious collector, the property continues to impress outdoors with a substantial 32' x 32' insulated and heated workshop featuring 200-amp service. An attached garage and an additional detached garage provide exceptional parking, storage and workspace options. Adding even more value and versatility, this offering includes two parcels of land-bringing together an impressive combination of residence, recreation, workspace and countryside.

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Closing Costs

Mortgage Amount
$919,200
Land Transfer Taxes$19,455
Legal Fees (Est.)
$
Total cash required for closing$250,755

Total Monthly Obligation

$5,721/mo
Mortgage $4,635
Monthly Loss $4,502
Principal$1,220
Interest$3,415
Property Tax$712
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 541 Old Highway 24 Road

Time

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