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🛏️
9 Beds
🚿
5 Baths
🚗
9 Parking
📐
5000 +

$1,399,900

Multiplex

407 Main Street E, Norwich, ON N0J 1X0Springford

Listing Overview

MLS ID:X12681700
Status:New
Type:Residential Freehold / Multiplex
Style:2-Storey
Living Area:5000 +
Taxes:$4,939 / yr (2025)
Days on Market:89
Listed:2026-01-09
Last Updated:Jan 9, 2026
Cross Street:Main St & West St
Data Source:PROPTX

Interior

Beds (above):9
Bathrooms:5
Kitchens (above):5
Basement:Unfinished, Full

Utilities

Heat Type:Forced Air
Heat Source:Gas

Outdoor / Lot

Lot Size:× 194ft
Direction Faces:South

Parking

Garage Type:None
Covered Spaces:0
Parking Spaces:6
Total Parking:9

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 upon request to qualified buyers.

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