407 Main Street E,Norwich (Springford), ON N0J1X0
Norwich (Springford), ON N0J1X0
Description
A charming and original piece of Springford with strong investment appeal.This 5-unit multi-residential property is situated on a large lot backing onto the creek, offering a rare combination of stable rental income, tenant desirability, and long-term value.All units have been well maintained, with Units 4 and 5 recently updated, featuring improved kitchens, bathrooms, flooring, and additional upgrades. The building is serviced by five independent gas forced-air furnaces, providing unit-by-unit efficiency and helping keep operating costs predictable. Most wiring and plumbing have been updated, adding peace of mind for long-term ownership.The property is protected by a Duraloc steel roof (approximately 20 years old), contributing to its low-maintenance profile. Outdoor space further enhances tenant appeal, with Units 2, 3, and 5 enjoying private decks or balconies overlooking the expansive rear yard, while Units 1 and 4 benefit from a generous front porch.Set on a deep lot with creek views, this property offers excellent tenant demand today, with potential long-term upside tied to land value and future enhancement in a growing rural community. A compelling opportunity for investors seeking a solid buy-and-hold asset with durability, income stability, and room to grow. Rent roll and financial information available to qualified buyers. (id:13843)
Details
| MLS # | X13860628 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 15 |
| Listing Provided By | Wiltshire Realty Inc. Brokerage | Bryan Wiltshire |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 5,000 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | V |
Interior
| Cooling | Central air conditioning |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | Yes |
| Fireplaces Total | 1 |
Exterior
| Lot Features | Lane |
|---|---|
| Foundation Details | Stone, Block, Concrete |
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 9 |
Utilities
| Sewer | Septic System |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 4939 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Norwich (Springford) |
| Postal Code | N0J1X0 |
| Listing VS Median (in N0J1X0) | |
Price: $1,495,000 low | high Med: $679,990 sqft: 5,000 low | high Med: 2,652 $ / sqft: $299 low | high Med: $257 On site: 15 low | high Med: 6 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Norwich (Springford) |
| Postal Code | N0J1X0 |
| Listing VS Median (in N0J1X0) | |
Price: $1,495,000 low | high Med: $679,990 sqft: 5,000 low | high Med: 2,652 $ / sqft: $299 low | high Med: $257 On site: 15 low | high Med: 6 | |