4289 Highway 7 Asphodel-Norwood, Ontario K0L 2V0
$639,000
Ideally situated on Highway 7, this well-maintained multi-use building offers exceptional investment potential with a blend of commercial and residential income streams. The property features two commercial units and three residential apartments, with flexible configurations to maximize returns. Commercial Unit Main Floor: Street-facing unit, previously a barber shop - perfect for retail or service use. Lower Level: Former hair salon, adaptable for a range of commercial purposes. (Both commercial units are currently vacant, offering immediate opportunities for new tenants or owner operation.) Residential Units: Main Level Apartment (3 Bedrooms): Originally two separate units (a 1-bedroom and a 2-bedroom), this large apartment features an eat-in kitchen, family room, living room, three bedrooms, two 4-piece baths. It can easily be converted back into two self-contained apartments for increased rental income. Lower-Level Apartment (1 Bedroom): Comfortable unit with den, living room, and full kitchen. Third-Floor Apartment (2 Bedrooms): Bright and spacious, offering two bedrooms and a 4-piece bathroom. Additional Features: Tenancy: One unit is owner-occupied; two are rented to long-term, reliable tenants. Heating: Efficient natural gas furnace (replaced in 2013). Exterior: Metal roof and vinyl/aluminum siding for low-maintenance durability. Basement: Clean, dry space for storage or utilities. Investment Opportunity: This is a rare chance to acquire a solid, income-generating property with room for customization. Ideal for investors or owner-occupiers seeking additional revenue in a high-visibility location on Highway 7 in Norwood. (id:50886)
Property Details
| MLS® Number | X12512288 |
| Property Type | Single Family |
| Community Name | Norwood |
| Amenities Near By | Golf Nearby, Place Of Worship, Schools |
| Community Features | Community Centre, School Bus |
| Features | Lighting, Level |
| Parking Space Total | 5 |
| Structure | Porch |
Building
| Bathroom Total | 5 |
| Bedrooms Above Ground | 5 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 6 |
| Amenities | Separate Heating Controls |
| Appliances | Oven - Built-in, Range, Water Heater, Stove, Refrigerator |
| Basement Development | Finished,partially Finished |
| Basement Features | Apartment In Basement, Walk Out, Separate Entrance |
| Basement Type | N/a, N/a (finished), N/a, N/a (partially Finished) |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Aluminum Siding, Vinyl Siding |
| Fire Protection | Smoke Detectors |
| Foundation Type | Block |
| Half Bath Total | 1 |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Size Interior | 2,000 - 2,500 Ft2 |
| Type | House |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Golf Nearby, Place Of Worship, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 237 Ft ,2 In |
| Size Frontage | 61 Ft ,9 In |
| Size Irregular | 61.8 X 237.2 Ft ; Triangular |
| Size Total Text | 61.8 X 237.2 Ft ; Triangular|under 1/2 Acre |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Office | 5.01 m | 5.57 m | 5.01 m x 5.57 m |
| Lower Level | Utility Room | 8.21 m | 4.49 m | 8.21 m x 4.49 m |
| Lower Level | Kitchen | 3.37 m | 4.28 m | 3.37 m x 4.28 m |
| Lower Level | Living Room | 4.18 m | 5.05 m | 4.18 m x 5.05 m |
| Lower Level | Primary Bedroom | 3.04 m | 4.15 m | 3.04 m x 4.15 m |
| Lower Level | Study | 3.05 m | 2.41 m | 3.05 m x 2.41 m |
| Lower Level | Utility Room | 3.05 m | 2.38 m | 3.05 m x 2.38 m |
| Lower Level | Bathroom | 1.93 m | 2.37 m | 1.93 m x 2.37 m |
| Main Level | Bathroom | 1.61 m | 2.67 m | 1.61 m x 2.67 m |
| Main Level | Office | 5.01 m | 3.36 m | 5.01 m x 3.36 m |
| Main Level | Living Room | 4.97 m | 4 m | 4.97 m x 4 m |
| Main Level | Bathroom | 2.13 m | 2.47 m | 2.13 m x 2.47 m |
| Main Level | Family Room | 3.2 m | 3.9 m | 3.2 m x 3.9 m |
| Main Level | Bedroom 3 | 2.91 m | 3.1 m | 2.91 m x 3.1 m |
| Main Level | Bedroom 4 | 9.6 m | 3.26 m | 9.6 m x 3.26 m |
| Main Level | Kitchen | 5.01 m | 4.32 m | 5.01 m x 4.32 m |
| Main Level | Primary Bedroom | 3.26 m | 3.44 m | 3.26 m x 3.44 m |
| Upper Level | Kitchen | 3.42 m | 5.03 m | 3.42 m x 5.03 m |
| Upper Level | Living Room | 4.97 m | 3.69 m | 4.97 m x 3.69 m |
| Upper Level | Primary Bedroom | 3.06 m | 2.82 m | 3.06 m x 2.82 m |
| Upper Level | Bedroom 2 | 2.69 m | 3.19 m | 2.69 m x 3.19 m |
| Upper Level | Bathroom | 2 m | 1.6 m | 2 m x 1.6 m |
https://www.realtor.ca/real-estate/29070075/4289-highway-7-asphodel-norwood-norwood-norwood
Contact Us
Contact us for more information
Diane Kloosterman
Salesperson
(705) 639-5388
www.bowesandcocks.com/
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November 07 2025 03:52:52
Central Lakes Association of REALTORS®
Bowes & Cocks Limited