New Listing
4289 Highway 7 N/a,Asphodel-Norwood, ON K0L 2V0
Asphodel-Norwood, ON K0L 2V0
Description
Ideally situated on Highway 7, this well-maintained multi-use building offers exceptional investment potential with a blend of commercial and residential income streams. The property features two commercial units and three residential apartments, with flexible configurations to maximize returns. Commercial Unit Main Floor: Street-facing unit, previously a barber shop - perfect for retail or service use. Lower Level: Former hair salon, adaptable for a range of commercial purposes. (Both commercial units are currently vacant, offering immediate opportunities for new tenants or owner operation.) Residential Units: Main Level Apartment (3 Bedrooms): Originally two separate units (a 1-bedroom and a 2-bedroom), this large apartment features an eat-in kitchen, family room, living room, three bedrooms, two 4-piece baths. It can easily be converted back into two self-contained apartments for increased rental income. Lower-Level Apartment (1 Bedroom): Comfortable unit with den, living room, and full kitchen. Third-Floor Apartment (2 Bedrooms): Bright and spacious, offering two bedrooms and a 4-piece bathroom. Additional Features: Tenancy: One unit is owner-occupied; two are rented to long-term, reliable tenants. Heating: Efficient natural gas furnace (replaced in 2013). Exterior: Metal roof and vinyl/aluminum siding for low-maintenance durability. Basement: Clean, dry space for storage or utilities. Investment Opportunity: This is a rare chance to acquire a solid, income-generating property with room for customization. Ideal for investors or owner-occupiers seeking additional revenue in a high-visibility location on Highway 7 in Norwood.
Details
| MLS # | X12512288 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 3 |
| Listing Provided By | BOWES & COCKS LIMITED | X12512288 069404 |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 5 |
| Basement | Y |
| Story(s) | 3 |
| Acreage | 0.34 |
| Water Front | None |
| Property View | Downtown, Skyline, Trees, Woods |
Interior
| Interior Features | Accessory Apartment, Built-In Oven, Countertop Range, Separate Heating Controls, Water Heater Owned |
|---|---|
| Cooling | Central Air |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Exterior Features | Lighting, Porch, Recreational Area |
|---|---|
| Roof | Metal |
| Foundation Details | Block |
| Topography | Level, Terraced |
| View | Downtown, Skyline, Trees/Woods |
| Construction Materials | Aluminum Siding, Vinyl Siding |
| Security Features | Carbon Monoxide Detectors, Smoke Detector |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Private Double |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 2427.31 |
|---|---|
| Tax Legal Description | PT LT 8 S/S PETERBOROUGH ST PL 6 NORWOOD NE OF ELM ST AS IN R157094; S/T R277947; ASPHODEL NORWOOD |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Peterborough |
| City | Asphodel-Norwood |
| Postal Code | K0L 2V0 |
| Area | Norwood |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Peterborough |
| City | Asphodel-Norwood |
| Postal Code | K0L 2V0 |
| Area | Norwood |