407 MAIN STREET E, Norwich (Springford)
$1,495,000
For sale: Multiplex
- Property type
- Multiplex
- Bedrooms / bathrooms
- 9 bedrooms, 5 bathrooms
- Living area
- 100,000 sqft
- MLS®
- MLS® X13860628
- Neighbourhood
- Springford
A charming and original piece of Springford with strong investment appeal.This 5-unit multi-residential property is situated on a large lot backing onto the creek, offering a rare combination of stable rental income, tenant desirability, and long-term value.All units have been well maintained, with Units 4 and 5 recently updated, featuring improved kitchens, bathrooms, flooring, and additional upgrades. The building is serviced by five independent gas forced-air furnaces, providing unit-by-unit efficiency and helping keep operating costs predictable. Most wiring and plumbing have been updated, adding peace of mind for long-term ownership.The property is protected by a Duraloc steel roof (approximately 20 years old), contributing to its low-maintenance profile. Outdoor space further enhances tenant appeal, with Units 2, 3, and 5 enjoying private decks or balconies overlooking the expansive rear yard, while Units 1 and 4 benefit from a generous front porch.Set on a deep lot with creek views, this property offers excellent tenant demand today, with potential long-term upside tied to land value and future enhancement in a growing rural community. A compelling opportunity for investors seeking a solid buy-and-hold asset with durability, income stability, and room to grow. Rent roll and financial information available to qualified buyers.
Sold data
Homes in Norwich (Springford) — recent sold market
Homes in Norwich (Springford) took a median of 32 days to sell over the last 90 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 64, across 39 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 50 days.
The median sale price was $689,900.
Homes sold for about 2.1% below asking on average, so there was room to negotiate.
About 10% of sales closed above the list price.
Around 23% of sellers reduced their price before finding a buyer.
- Median days to sell
- 32
- Median sale price
- $689,900
- Sale-to-list ratio
- 97.9%
- Sold above asking
- 10%
Based on 39 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Norwich (Springford)
Norwich (Springford) has 1 Fraser Institute–rated school (1 elementary).
- Rated schools
- 1
- Elementary
- 1
Top-rated schools in Norwich (Springford)
- Emily Stowe — elementary, NorwichFraser rating 4.0/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 407 MAIN STREET E
$1,550,000
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