407 Main Street E, Norwich, Ontario N0J 1X0

Listed for:
$1,399,900
9 beds
5 baths
Listed 52 days ago
Other for rent: 407 Main Street E, Norwich, Ontario N0J 1X0

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About

Cross Streets: Main St & West St. ** Directions: East at 4 Corners of Springford, Property on right. 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 upon request to qualified buyers. (id:27476)

Property Highlights

MLS® Number
X12681700
Type
Multi-family
Community Name
Springford
Land Size
126.8 x 194 FT
Parking Space Total
9

Building

Building Type
Other
Storeys
2.00
Square Footage
5000 - 100000 sqft
Bathrooms Total
5
Bedrooms Above Ground
9
Bedrooms Total
9
Amenities
Fireplace(s)
Exterior Finish
Vinyl siding
Fireplace Present
Yes
Basement Type
Full (Unfinished)
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
Central air conditioning

Utilities

Water
Municipal water
Utility Sewer
Septic System

Location

Learn more about this property
Listing provided by:
Wiltshire Realty Inc. Brokerage
MLS® number:
X12681700
Agent:
Bryan Wiltshire
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