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$639,000

Est. payment - /mo

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6 Beds

5 Baths

Active

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

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Kenneth Yim

ken@broadviewavenue.ca +1(647) 496-2269

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Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

Subdivision Norwood

MLS Listing ID X12512288

Style 3-Storey

Bedrooms 6

Annual Tax Amount $2,427

Tax Year 2025

Property Sub-Type Detached

Lot Depth 237.23

Lot Front 61.79

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.

Location

Province ON

County Peterborough

Community Norwood

Area Peterborough

Rooms

Family Room Yes

Basement Apartment, Finished with Walk-Out, Separate Entrance, Partially Finished

Kitchen 3

Separate Den/Office 1

Interior

Interior Features Accessory Apartment, Built-In Oven, Countertop Range, Separate Heating Controls, Water Heater Owned

Cooling Central Air

Inclusions 3 refrigerators; 3 stoves; 1 window a/c unit in barber shop window (condition unknown)

Exterior

Exterior Feature Lighting, Porch, Recreational Area

Parking Features Private Double

Pool None

View Downtown, Skyline, Trees/Woods

Roof Type Metal

Lot Frontage 61.79

Lot Depth 237.23

Total Parking Spaces 5

Building

Foundation Block

Others

Senior Community No

Security Features Carbon Monoxide Detectors,Smoke Detector

ParcelsYN No

Listed by Bowes & Cocks Limited

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Kenneth Yim

Broker of Record | License ID: 9524831

+1(647) 496-2269

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