58 Main Street West, Norwich (Norwich Town), Ontario, N0J1P0
Pick a time that suits you. A verified local agent confirms within 24h.
Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.
Inquire about financing →No similar listings for sale right now.
$3,450,000
Norwich
This retail property in Norwich is for sale offering roughly 9,136 sq ft of space. It has been on the market 16 days, fresher than the Norwich average of 76 days.
Excellent investment opportunity in the heart of Norwich. Built in 2024, this 9,136 SF freestanding commercial building is fully occupied by a strong AAA tenant on a 10-year net lease with built-in renewal options and rental escalations. Situated on approximately 0.77 acres with 41 on-site parking spaces, the property offers excellent visibility, a strong retail-focused location, comprehensive C1 zoning, and a modern, low-maintenance building with attractive long-term income potential. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 16 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 retail in Norwich (Norwich Town) has been listed for 16 days, which is 60 days fresher than the city average of 76. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $3,450,000, about 35.6× the local median household income of $97,000.
Carrying it typically needs a household income of about $673,906 (20% down, 25-yr amortization, stress-tested) — roughly 595% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0J)