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$ 2,150,000
Est. payment | /mo
$ 2,150,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision Norwood
MLS Listing ID X12412236
Annual Tax Amount $8,855
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
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.
Location
Province ON
County Peterborough
Area Peterborough
Interior
Cooling Partial
Exterior
Utilities Available Available
Lot Frontage 99.0
Lot Depth 198.0
Others
Security Features No
ParcelsYN No
Listed by RE/MAX HALLMARK EASTERN REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "