House For Sale In Asphodel-Norwood (Norwood), Ontario

$639,000 QuickQuote^TM: $559K - $750K

5+1 Beds

5 Baths

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4289 Highway 7, Asphodel-Norwood (Norwood), ON - Outdoor

4289 Highway 7, Asphodel-Norwood (Norwood), ON - Other

4289 Highway 7, Asphodel-Norwood (Norwood), ON - Outdoor With View

4289 Highway 7, Asphodel-Norwood (Norwood), ON - Indoor

4289 Highway 7, Asphodel-Norwood (Norwood), ON - Indoor Photo Showing Kitchen

4289 Highway 7, Asphodel-Norwood (Norwood), ON - Indoor Photo Showing Bedroom

4289 Highway 7, Asphodel-Norwood (Norwood), ON - Indoor Photo Showing Bathroom

4289 Highway 7, Asphodel-Norwood (Norwood), ON - Indoor Photo Showing Living Room

4289 Highway 7, Asphodel-Norwood (Norwood), ON - Indoor Photo Showing Other Room

4289 Highway 7, Asphodel-Norwood (Norwood), ON - Indoor Photo Showing Basement

4289 Highway 7, Asphodel-Norwood (Norwood), ON - Indoor Photo Showing Office

4289 Highway 7, Asphodel-Norwood (Norwood), ON - Indoor Photo Showing Laundry Room

4289 Highway 7, Asphodel-Norwood (Norwood), ON - Outdoor With Exterior

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4289 HIGHWAY 7, Asphodel-Norwood (Norwood), Ontario, K0L 2V0

$639,000

6 Beds

5 Baths

Property Information:

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:27)

Building Features:

Style: Detached
Building Type: House
Amenities: Separate Heating Controls
Basement Development: Finished, Partially finished
Basement Type: N/A, N/A, N/A, N/A
Construction Style - Attachment: Detached
Exterior Finish: Aluminum siding, Vinyl siding
Fire Protection: Smoke Detectors
Floor Space: 2000 - 2500 sqft
Foundation Type: Block
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Oven - Built-In, Range, Stove, Refrigerator

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 5+1
Bathrooms: 5
Half Bathrooms: 1
Amenities Nearby: Golf Nearby, Schools
Community Features: Community Centre, School Bus
Features: Lighting, Level
Floor Space (approx): 2000 - 2500 Square Feet
Irregular: Yes
Lot Depth: 237.2 Feet
Lot Frontage: 61.8 Feet
Lot Size: 61.8 x 237.2 FT ; Triangular
Structure Type: Porch
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 5

Rooms:

Office Lower Level 5.01 m x 5.57 m
Utility Lower Level 8.21 m x 4.49 m
Kitchen Lower Level 3.37 m x 4.28 m
Living Lower Level 4.18 m x 5.05 m
Primary Bedroom Lower Level 3.04 m x 4.15 m
Study Lower Level 3.05 m x 2.41 m
Utility Lower Level 3.05 m x 2.38 m
Bathroom Lower Level 1.93 m x 2.37 m
Bathroom Main Level 1.61 m x 2.67 m
Office Main Level 5.01 m x 3.36 m
Living Main Level 4.97 m x 4.00 m
Bathroom Main Level 2.13 m x 2.47 m
Family Main Level 3.20 m x 3.90 m
2nd Bedroom Main Level 2.91 m x 3.10 m
3rd Bedroom Main Level 2.91 m x 3.26 m
Kitchen Main Level 5.01 m x 4.32 m
Primary Bedroom Main Level 3.26 m x 3.44 m
Kitchen Upper Level 3.42 m x 5.03 m
Living Upper Level 4.97 m x 3.69 m
Primary Bedroom Upper Level 3.06 m x 2.82 m
2nd Bedroom Upper Level 2.69 m x 3.19 m
Bathroom Upper Level 2.00 m x 1.60 m

Convert Measurement to:

Courtesy of: Bowes & Cocks Limited

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QuickQuote^TM

Approximate value for 6 bed, 5 bath house in this area is:

List Price
below Estimate List Price
above Estimate

$639,000

List Price

$559,060

$749,648

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Market Price Trends

Location of 4289 HIGHWAY 7, Asphodel-Norwood (Norwood), Ontario, K0L 2V0

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

33 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

33 hot days expected in 2050

51/100

Moderate

ClimateCheck®

Current data

This property, 4289 HIGHWAY 7 , experiences 7 hot days per year at around 30.7 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 33 hot days at 34.3 degrees Celsius.

Projected Avg. Temperature

Past

30.7℃

2050

34.3℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

61/100

Moderate-High

ClimateCheck®

Current data

This property, 4289 HIGHWAY 7 , experiences 11 significant 2-day storms per year, with about 301.1mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 380.3mm of precipitation per year.

Precipitation Per Storm

Past

301.1mm

2050

380.3mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 4289 HIGHWAY 7, Asphodel-Norwood (Norwood), Ontario, K0L 2V0

Life Stage

Families with Tweens

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$100,816.96

Average Number of Children

1.70

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.96 %

High school certificate or equivalent

40.36 %

Apprenticeship trade certificate/diploma

6.04 %

College/non-university certificate

27.76 %

University Degree

8.88 %

Commuter

Travel To Work

By Car

90.28 %

By Public Transit

0.0 %

By Walking

9.72 %

By Bicycle

0.0 %

By Other Methods

0.0 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

16.1 %

Houses

83.9 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Rooms:

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Market Price Trends

Location of 4289 HIGHWAY 7, Asphodel-Norwood (Norwood), Ontario, K0L 2V0

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 4289 HIGHWAY 7, Asphodel-Norwood (Norwood), Ontario, K0L 2V0

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

4289 HIGHWAY 7, Asphodel-Norwood (Norwood), Ontario, K0L 2V0

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing