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Asphodel-norwood (norwood),ON K0L2V0
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $319
Subdivision Norwood
MLS Listing ID X12512288
Bedrooms 6
Half Baths 1
Property Sub-Type Freehold
Source Central Lakes Association of REALTORS®
Property 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. (id:24570)
Location
Province ON
Rooms
Kitchen 3.0
Extra Room 1 Lower level 5.01 m X 5.57 m Office
Extra Room 2 Lower level 8.21 m X 4.49 m Utility room
Extra Room 3 Lower level 3.37 m X 4.28 m Kitchen
Extra Room 4 Lower level 4.18 m X 5.05 m Living room
Extra Room 5 Lower level 3.04 m X 4.15 m Primary Bedroom
Extra Room 6 Lower level 3.05 m X 2.41 m Study
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features No
Community Features Community Centre,School Bus
View Y/N No
Total Parking Spaces 5
Private Pool No
Building
Story 3
Sewer Sanitary sewer
Others
Ownership Freehold