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$ 1,399,900
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New
407 Main ST E Norwich, ON N0J 1X0
9 Beds
5 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Springford
MLS Listing ID X12681700
Style 2-Storey
Bedrooms 9
Annual Tax Amount $4,939
Tax Year 2025
Property Sub-Type Multiplex
Lot Depth 194.0
Lot Front 126.78
Property 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.
Location
Province ON
County Oxford
Community Springford
Area Oxford
Zoning V
Rooms
Family Room No
Basement Unfinished, Full
Kitchen 5
Interior
Interior Features None
Cooling Central Air
Fireplaces Number 1
Fireplaces Type Natural Gas
Exterior
Exterior Feature Patio, Deck
Parking Features Available, Lane, Other
Pool None
Roof Type Metal
Lot Frontage 126.78
Lot Depth 194.0
Total Parking Spaces 9
Building
Foundation Concrete Block, Stone, Concrete
Others
Senior Community No
ParcelsYN No
Listed by Wiltshire Realty Inc. Brokerage
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