407 Main Street, Norwich, ON
Property Highlights
Welcome to this remarkable 2-Storey multiplex located in the coveted neighborhood of Springford. Expertly crafted featuring premium vinyl siding construction, this residence presents an exceptional opportunity offered at $1,495,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 9 Bedrooms and 5 Bathrooms with 5 functional kitchens
- Generous living space spanning 5000 + sqft on a premium 126.78 x 194 ft lot
- Features a unfinished, full basement, adding superb versatility for recreation, a home gym, or extra storage
- Ample parking with 0.0 garage spaces (9.0 total parking spaces)
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
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 upon request to qualified buyers.
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Property Summary
This multiplex located at 407 Main Street, Norwich is currently for sale and has been available for 3 days. This property is listed at $1,495,000 with an estimated mortgage of $4,976* per month. It has 9 beds, 5 bathrooms, and is 5000 + square feet. 407 Main Street, Norwich is in the Springford neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 9 bedrooms and 5 bathrooms, this home offers ample space and comfort for growing families in Springford, Norwich.
- •9 spacious bedroom layout offering versatile living space
- •5 well-appointed bathrooms
- •5000 + sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Springford, Norwich.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- None
Security Features
None listed
Community Features
None listed
Property History
No historical data available for this property.
This could be the first listing for this address.
Looking to Buy a Home in Norwich?
If you are looking for a house in Norwich or researching Norwich real estate for sale, this 9-bedroom multiplex at 407 Main Street, Norwich, ON offers an exceptional opportunity to buy a home in Norwich, Ontario. Whether you are a first-time Norwich home buyer or comparing active Norwich MLS® homes for sale, working with a dedicated Norwich buyer agent ensures you receive priority showing access, unrepresented buyer protection, and aggressive price negotiation.
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Under Ontario REBBA/TRESA regulations, the listing brokerage is legally bound to the seller's financial interests. Work with an experienced Norwich realtor & real estate broker who represents you 100%—at zero cost to you as a buyer.
Norwich Buyer Budget & Costs
Estimated mortgage: $4,976*/month*. Estimated Ontario Land Transfer Tax: $26,375. First-time Norwich home buyers may qualify for up to $8,475 in rebates.
Frequently Asked Questions: Buying a Home in Norwich
Frequently Asked Questions about 407 Main Street, Norwich, ON
Q.What is the asking price for 407 Main Street, Norwich, ON ?
The current listing price for 407 Main Street, Norwich, ON in Springford, Norwich is $1,495,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 9 bedrooms and 5 bathrooms across approximately 5000 + sqft.
Q.What property type and architectural style is 407 Main Street, Norwich, ON ?
407 Main Street, Norwich, ON is a Multiplex (2-Storey) featuring a Unfinished, Full basement.
Q.What interior features are included in this home?
Interior highlights include: None.
Q.Is parking available at this property?
Yes, this property offers parking space for 9.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Location
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Open in Google MapsNeighborhood Safety & Crime Analytics
Springford, Norwich
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) Ă— 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Pricing & Value Insights
Data-driven valuation for 407 Main Street E, Norwich, ON N0J 1X0
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Norwich, ON
For a property listed at $1,495,000 in Norwich, the legal minimum down payment is $299,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $26,375 for this transaction. As this listing is in Norwich (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $26,375.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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