Listed for:Listed 11 days ago
$1,495,000

407 Main Street E

Norwich (Springford), ON N0J 1X0

Multiplex For Sale
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031
Down Payment AssistanceGet Best Mortgage Rates

Sale & Price History for 407 Main Street E, Norwich, Springford

No listing history available

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 407 Main Street E, Norwich, Springford

Summarized Description

  • 5-unit property with strong investment appeal
  • Units recently updated with modern features
  • Independent heating systems for efficiency
  • Low-maintenance Duraloc steel roof
  • Private outdoor spaces enhance tenant appeal
  • Located on a large lot with creek views
  • Stable rental income with long-term value
  • Opportunity for growth in a rural community

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.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$4,939
Land Transfer Tax Fee
$26,375

Basement Type
Unfinished, Full

Interior Features

Interior Extras
None
Fireplace/Stove
Yes
Fireplace Features
Natural Gas
Elevator
No

Exterior Features

Exterior Extras
Patio, Deck
Pool
None

Building

Building Type
Multiplex
Building Style
2-Storey

Construction

Exterior Finish
Vinyl Siding
Roof
Metal
Foundation Details
Concrete Block, Stone, Concrete
Special Designation
Heritage

Lot

Lot Front
126.78 ft
Lot Depth
194.00 ft
Lot Size
38840

Parking & Garages

Garage Type
None
Garage Spaces
0
Parking Spaces
6
Total Garage And Parking Spaces
9

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Central Air
Water
Municipal
Sewers
Septic

Bedrooms
9
Washrooms
5
Kitchens
5

Washrooms

  • 4-piece, Ground
  • 4-piece, Second

Municipality
Norwich
Neighbourhood
Springford
Main cross streets
Main St & West St
Zoning
V
Directions
East at 4 Corners of Springford, Property on right.

MLS® number
X13860628
Data source
Toronto Regional Real Estate Board
Listed on
2026-10-05
Updated on
2026-10-13
Days on market
11 days
Possession type
Flexible
Co-op commission
2.0%
Seller
Listed by
Wiltshire Realty Inc. Brokerage

Home Market Value

Current home valuation for 407 Main Street E, Norwich, Springford, Norwich, ON. Listed for $1,495,000

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 407 Main Street E, Norwich, Springford

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Norwich, ON
Minimum Down Payment Required:8.3%

5% on first $500K + 10% on $995,000 over $500K

Minimum down payment

$124,500

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$54,777$41,711$35,581$0
=Total mortgage
$1,424,197$1,387,211$1,306,331$1,196,000
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$6,954monthly$6,773monthly$6,378monthly$5,839monthly
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Land Transfer Tax

Provincial

$26,375

Total Land Transfer Tax

$26,375

Around this home

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