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 Rd 45
List Price
$2,150,000
MLS® Status
New
Expiration Date
2026-03-20
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
For Sale
Area
Asphodel-Norwood
Sub-Area
Norwood
Region
Peterborough
Lot Depth
198
Lot Type
Lot
Lot Size Units
Feet
Lot Width
99
Parcel Number
282120166
Total Building Area
0.43
Occupant Type
Tenant
Cross Street
Hwy 7/Cty Rd 45
MLS® Number
X12412236
Listing Brokerage
RE/MAX HALLMARK EASTERN REALTY
Postal Code
K0L 2V0
Posession Details
TBD
Tax Amount
$8,855.69
Tax Year
2024
Standard Status
Active
Board Or Association
Central Lakes Association of REALTORS
Heat Type
Baseboard
Cooling Features
Partial
Garage Type
Lane
Tax Legal Description
LT 3 W/5 VICTORIA ST AND E/S COLBORNE ST PL 6 NORWOOD LT 23 W/S VICTORIA ST PL 6 ASPHODEL-NORWOOD
Security Features
No
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