2361 County Rd 45, Asphodel-Norwood (Norwood), Ontario, K0L2V0
This retail property in Asphodel-Norwood is for sale.
Opportunity Awaits in Norwood! Located in the rapidly growing town of Norwood and just steps from busy Hwy 7, this exceptional mixed-use property is a rare investment opportunity. Only 20 minutes to Peterborough and Hwy 115, this building offers the perfect blend of commercial and residential income streams. The main floor features three established commercial tenants with long-term leases, ensuring stable cash flow. Upstairs, five fully tenanted residential unit search with separate hydro meters offer a variety of layouts to attract diverse renters. A profitable, on-site laundromat with several newer machines is included in the sale, adding an additional revenue stream. Ample parking is available at the rear and side of the building for tenants and customers. Pride of ownership shines throughout with numerous upgrades and meticulous maintenance over the years. This is truly a must-see property an incredible opportunity for investors looking for immediate returns and future growth potential. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 89 days on market, against an average age of 62 days across the listings currently for sale in this city
This retail in Asphodel-Norwood (Norwood) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,995,000, about 25.3× the local median household income of $79,000.
Carrying it typically needs a household income of about $389,693 (20% down, 25-yr amortization, stress-tested) — roughly 393% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0L)
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