407 MAIN STREET E,Norwich (Springford),Ontario,N0J1X0
For sale
$1,495,000
407 MAIN STREET E,Norwich (Springford),Ontario,N0J1X0
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:63658)
PROPERTY SUMMARY
| MLS® # | : | X13860628 |
| Listing price | : | $1,495,000 |
| Listed on | : | 11-10-2026 |
| Property subtype | : | For sale |
| Square footage | : | 5000 sqft |
| Year built | : | 0000 |
| Listing office | : | Wiltshire Realty Inc. Brokerage |
BEDROOM & BATHROOM
| Total bedrooms | : | 9 Bedrooms |
| Total bathrooms | : | 5 Bathrooms |
BUILDING
| Building type | : | |
| Parking | : | No Garage |