4289 HIGHWAY 7

Asphodel-Norwood (Norwood), , K0L2V0, Canada

$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.

EXTRAS: Refrigerator, Stove, Range, Oven - Built-In, Water Heater

Last updated on : Monday 8th of December 2025 03:10:44 PM

ADDRESS

Street : 4289 HIGHWAY 7

City : Asphodel-Norwood (Norwood)

Country : Canada

Postal Code : K0L2V0

Open in Google Map

PROPERTY SUMMARY

Property ID : X12512288

Building Type : House

Property Type : Single Family

Bedrooms : 5 + 1

Bathrooms : 5 + 1

Parking : 5

Parking Type: No Garage

Similar Properties

Single Family

43 DENHAM DRIVE

Richmond Hill (South Richvale), Ontario, L4C6H7

$3,538,000

Beds: 5Baths: 6

property Type: House

type: Sale

MEHRDAD SHIRAZI
1 month ago

DETAILS

Single Family

39 RAYMOND ROAD

Bracebridge (Muskoka (N)), Ontario, P1L1X4

$750,000

Beds: 5Baths: 3

property Type: House

type: Sale

Erin Holowach
57 minutes ago

DETAILS

Single Family

10 PHILIPS ROAD

Whitby, Ontario, L1M1G7

$3,500,000

Beds: 5Baths: 5

property Type: House

type: Sale

ELDON KING
2 hours ago

DETAILS

Single Family

15 LARKIN LANE

Clarington (Bowmanville), Ontario, L1C4A7

$1,049,000

Beds: 5Baths: 4

property Type: House

type: Sale

AFTON DESPRES
1 week ago

DETAILS

Single Family

526 CHURCH STREET

Markham (Cornell), Ontario, L6B0V9

$1,199,888

Beds: 5Baths: 3

property Type: Row / Townhouse

type: Sale

STEPHEN MCKENZIE
3 days ago

DETAILS

Inquire about this property