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.
Details
X12681700
6
$1,399,900
Tenant
None
5 + 5
2-Storey
9
5
5000 + Sqft
38840 N/A
N/A
Multiplex
Sale
Additional details
Forced Air / Gas
V
$4939
2025
LT 2 E/S WEST ST PL 32; PT LT 1 S/S MAIN ST, 2 S/S MAIN ST, 3 S/S MAIN ST, 3 E/S WEST ST PL 32 PT 1 & 3, 41R3989 ; NORWICH
N/A
N
38840
Unfinished,Full
1
Central Air
Patio,Deck
Municipal
Schools Nearby
Mortgage Calculator
Total Amount
Down Payment
Loan Term
Interest Rate
Down Payment
Loan Amount
Monthly Mortgage Payment
Land Transfer Tax
CMHC
FAQ
What is the total square footage of the X12681700 - 407 Main Street E, Norwich, ON N0J 1X0?
The total square footage of this property is 5000 + SqFt.
What schools near to X12681700 - 407 Main Street E, Norwich, ON N0J 1X0?