407 Main Street E, Norwich (Springford) ON

About 407 Main Street E

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:56071). Get more information on 407 Main Street E

Property Features

Features:  Lane
Rental Equipment:  
Fireplace Total:  1
Directions:  Cross Streets: Main St & West St. ** Directions: East at 4 Corners of Springford, Property on right.
Zoning Description:  V
Interior Size:  5000 - 100000 sqft
Amenities:  Fireplace(s)
Lot:  126.8 x 194 FT 126.8 x 194 FT
Exterior Finish:  Vinyl siding
Water:  Municipal water, Septic System
Heating / Cooling:   Natural gas / Central air conditioning
Age: 
Foundation: Block, Stone, Concrete
Basement:  Full (Unfinished) Unfinished

Rooms & Sizes