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$639,000
Available - For Sale
Listing ID: X12512288
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.
Price $639,000
Taxes: $2,427.31
Occupancy by: Owner+T
Address: 4289 Highway 7 N/A , Asphodel-Norwood, K0L 2V0, Peterborough
Acreage: < .50
Directions/Cross Streets: Elm Street & Highway 7
Rooms: 14
Rooms +: 8
Bedrooms: 5
Bedrooms +: 1
Washrooms: 5
Family Room: T
Basement: Apartment
Finished wit
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Lower Office 16.43 18.27 South View, B/I Vanity
Room 2: Lower Utility R 26.93 14.73 Irregular Room
Room 3: Lower Kitchen 11.05 14.04
Room 4: Lower Living Ro 13.71 16.56
Room 5: Lower Primary B 9.97 13.61
Room 6: Lower Study 10.00 7.90
Room 7: Lower Utility R 10.00 7.81
Room 8: Lower Bathroom 6.33 7.77 3 Pc Bath
Room 9: Main Kitchen 16.43 14.17 Eat-in Kitchen
Room 10: Main Primary B 10.69 11.28
Room 11: Main Bathroom 5.28 8.76 3 Pc Ensuite
Room 12: Main Office 16.43 11.02
Room 13: Main Living Ro 16.30 13.12
Room 14: Main Bathroom 6.99 8.10 3 Pc Bath
Room 15: Main Family Ro 10.50 12.79
No. of Pieces Level
Washroom 1:  4 Upper
Washroom 2:  4 Main
Washroom 3:  3 Lower
Washroom 4:  1 Lower
Washroom 5:  0
Washroom 6:  4 Upper
Washroom 7:  4 Main
Washroom 8:  3 Lower
Washroom 9:  1 Lower
Washroom 10:  0
Washroom 11:  4 Upper
Washroom 12:  4 Main
Washroom 13:  3 Lower
Washroom 14:  1 Lower
Washroom 15:  0
Washroom 16:  4 Upper
Washroom 17:  4 Main
Washroom 18:  3 Lower
Washroom 19:  1 Lower
Washroom 20:  0
Washroom 21:  4 Upper
Washroom 22:  4 Main
Washroom 23:  3 Lower
Washroom 24:  1 Lower
Washroom 25:  0
Washroom 26:  4 Upper
Washroom 27:  4 Main
Washroom 28:  3 Lower
Washroom 29:  1 Lower
Washroom 30:  0
Property Type: Detached
Style: 3-Storey
Exterior: Aluminum Siding
Vinyl Siding
Garage Type: None
(Parking/)Drive: Private Do
Drive Parking Spaces: 5
Park #1
Parking Type: Private Do
Park #2
Parking Type: Private Do
Pool: None
Approximatly Square Footage: 2000-2500
Property Features: Golf
Library
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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BOWES & COCKS LIMITED

4289 Highway 7 N/A , Asphodel-Norwood, K0L 2V0, Peterborough

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MD Ashraful Bari
Broker
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647.406.6653
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905.201.9977
Fax:
905.201.9229

 
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Type: Freehold - Detached
Area: Peterborough
Municipality: Asphodel-Norwood
Neighbourhood: Norwood
Style: 3-Storey
Lot Size: x 237.23(Feet)
Approximate Age:
Tax: $2,427.31
Maintenance Fee: $0
Beds: 5+1
Baths: 5
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

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HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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