407 MAIN STREET E, Norwich (Springford), Ontario, N0J1X0

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. (id:64974)

Quick Facts

• Property Type: Other
• Bedrooms: 9 (9 above)
• Bathrooms: 5
• Fireplaces: 1
• Parking: 9 spaces (No Garage)
• Frontage: 127 ft (38.7 m)

Costs

• Annual Taxes: $4,939.00

Listing Provided by: Wiltshire Realty Inc. Brokerage
Board: Woodstock Ingersoll Tillsonburg and Area Association of REALTORS® (WITAAR)
Data provided via CREA DDF®.