$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
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
Estimated mortgage payment
$6,620 per month
- Principal and interest
- $6,620
- Property tax
- $412
- Condo fees
- $0
- 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
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $325,375
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates 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
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