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$549,900
Norwich
4 Washington Street, Norwich (Norwich Town), Ontario, N0J1P0
This multi-family property in Norwich is for sale offering roughly 1,587 sq ft of space.
Position your business for success with this exceptional mixed-use commercial property located in the heart of Norwich. Offering convenient access and ample parking, this versatile property combines commercial and residential income potential in one prime location.The main building features an office space with great visability, ideal for professional or retail use, along with two self-contained apartments that provide an excellent opportunity for rental income.Adding even more value is a detached heated garage, perfect for storage, a workshop, or additional business operations, as well as a separate storage room to accommodate inventory, equipment, or supplies.Whether you're an investor looking to expand your portfolio or an entrepreneur seeking a live-work opportunity, this unique property offers flexibility, functionality, and long-term potential in a desirable downtown setting. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 92 days on market, against an average age of 76 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 60 days on the market over the past year, against a median of 48 days across the markets we publish.
This multi-family in Norwich (Norwich Town) 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 $549,900, about 5.7× the local median household income of $97,000.
Carrying it typically needs a household income of about $107,415 (20% down, 25-yr amortization, stress-tested) — roughly 11% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0J)
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Loading rates, 30-yr amortization
Cash Needed to Close
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