Property Information:

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:27)

Building Features:

Style: Multiplex
Building Type: Other
Amenities:
Basement Development: Unfinished
Basement Type: Full
Exterior Finish: Vinyl siding
Fireplace: Yes
Floor Space: 5000 - 100000 sqft
Foundation Type: Block, Stone, Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning

Property Features:

Property Type: Multi-family
Bedrooms: 9
Bathrooms: 5
Features: Lane
Floor Space (approx): 5000 - 100000 Square Feet
Irregular: Yes
Lot Depth: 194 Feet
Lot Frontage: 126.8 Feet
Lot Size: 126.8 x 194 FT
Structure Type: Patio(s), Deck
Zoning: V
Sewer: Septic System
Parking Type: No Garage
No. of Parking Spaces: 9

Courtesy of: Wiltshire Realty Inc. Brokerage

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Demographic Information of 407 MAIN STREET E, Norwich (Springford), Ontario, N0J 1X0

Life Stage

Older Parents, Younger Kids

Employment Type

Blue Collar/Primary

Average Household Income

$128,576.71

Average Number of Children

2.79

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

24.87 %

High school certificate or equivalent

35.65 %

Apprenticeship trade certificate/diploma

6.07 %

College/non-university certificate

24.3 %

University Degree

9.11 %

Commuter

Travel To Work

By Car

97.16 %

By Public Transit

0.0 %

By Walking

0.72 %

By Bicycle

0.0 %

By Other Methods

2.12 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

2.0 %

Houses

98.0 %

407 MAIN STREET E, Norwich (Springford), Ontario, N0J 1X0