Opportunity Awaits in Norwood! Located in the rapidly growing town of Norwood and just steps from busy Hwy 7, this exceptional mixed-use property is a rare investment opportunity. Only 20 minutes to Peterborough and Hwy 115, this building offers the perfect blend of commercial and residential income streams. The main floor features three established commercial tenants with long-term leases, ensuring stable cash flow. Upstairs, five fully tenanted residential unit search with separate hydro meters offer a variety of layouts to attract diverse renters. A profitable, on-site laundromat with several newer machines is included in the sale, adding an additional revenue stream. Ample parking is available at the rear and side of the building for tenants and customers. Pride of ownership shines throughout with numerous upgrades and meticulous maintenance over the years. This is truly a must-see property an incredible opportunity for investors looking for immediate returns and future growth potential.
Address
2361 County Road 45
List Price
$2,249,000
Property Type
Commercial
Type of Dwelling
Commercial Retail
Area
Asphodel-Norwood
Sub-Area
Norwood
County
Peterborough
Lot Depth
198
Lot Shape
Irregular
Lot Type
Lot
Lot Size Units
Feet
Lot Width
99
Approx. Age
51 - 99 Years
MLS® Number
X12110485
Listing Brokerage
RE/MAX HALLMARK EASTERN REALTY
Postal Code
K0L 2V0
Tax Amount
$8,855.69
Tax Year
2024
Community Features
Greenbelt/Conservation, Major Highway
Heat Type
Baseboard
Cooling Features
Partial
Garage Type
Lane
Security Features
No