46
  • X12512288
  • MLS® Number
  • Property Type
  • Detached, Residential
  • Acres
  • Land Area
  • 6
  • Bedrooms
  • 5
  • Bathrooms
  • Sqft
  • Area Size

4289 Highway 7 N/A, Asphodel-norwood, ON K0L 2V0

  • $639,000

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.

Details

MLS® Number X12512288
6 Bedrooms
5 Bathrooms
Updated on November 7, 2025 at 3:20 pm

Additional details

  • Roof: Metal
  • Sewer: Sewer
  • Cooling: Central Air
  • County: Peterborough
  • Property Type: Residential
  • Pool: None
  • Parking: Private Double
  • Architectural Style: 3-Storey

Address

  • Address: 4289 Highway 7 N/A
  • City: Asphodel-norwood
  • State/county: ON
  • Zip/Postal Code: K0L 2V0

Contact Information

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