4289 Highway 7 N/A Active Save Request In-Person Tour Request Virtual Tour
Asphodel-norwood,ON K0L 2V0
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
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
Kitchen 3
Interior
Cooling Central Air
Exterior
Exterior Feature Lighting,Porch,Recreational Area
Parking Features Private Double
Pool None
Waterfront Description None
View Downtown,Skyline,Trees/Woods
Roof Type Metal
Building
Foundation Block