Gurvinder Nokwal REALTOR®
For Sale Multiplex 13 days on market

$1,495,000

Est. payment $6,620/moCalculate yours

407 Main Street E, Norwich, ON N0J 1X0

Springford, Norwich, ON N0J 1X0

  • 9 Beds
  • 5 Baths
  • 5,000 Sq Ft
Map

Listing courtesy of Wiltshire Realty Inc. Brokerage MLS® X13860628

About this home

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 to qualified buyers.

Property details

Overview

Property Type
Multiplex
Style
2-Storey
For
For Sale
Status
New
Size
5,000 sqft

Interior

Bedrooms
9
Bathrooms
5
Kitchens
5
Basement
Unfinished, Full

Building & Systems

Heating
Forced Air (Gas)
Cooling
Central Air
Exterior
Vinyl Siding
Foundation
Concrete Block, Stone, Concrete
Roof
Metal
Water
Municipal
Sewer
Septic

Lot & Parking

Lot Size
126.78 x 194 Feet
Parking
None garage · 9 total
Zoning
V

Financial

Property Taxes
$4,939 (2025)

Location

Neighbourhood
Springford
Cross Street
Main St & West St
Direction Faces
South

Listing

MLS® Number
X13860628
Days on Market
13
Listed On
2026-10-05
Possession
Flexible
Listed By
Wiltshire Realty Inc. Brokerage

Features

Interior

  • None

Pool

  • None

Mortgage calculator

Minimum for this price: $124,500 (8.33%)

Amortization, years

Estimated mortgage payment

$6,620 per month

Principal and interest
$6,620
Property tax
$412
Estimated monthly cost
$7,031

Your mortgage

Mortgage amount
$1,196,000
Mortgage insurance
Not needed
Interest over 25 years
$789,861

Cash to close

Down payment
$299,000
Land transfer tax
$26,375
Total, before legal fees
$325,375
Talk to me about financing

Estimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.

Location

407 Main Street E, Norwich, ON N0J 1X0 Springford, Norwich, ON N0J 1X0
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$1,495,000 407 Main Street E, Norwich, ON N0J 1X0
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