$639,000Asking Price
4289 Highway 7 N/A, Asphodel-Norwood, ON K0L 2V0
Norwood, Asphodel-Norwood
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.
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.
See MoreKey Info
- 3-Storey Detached
- 5-Car Driveway
- No Garage
- Elm Street & Highway 7
- 2000-2500 Approximate Sq Feet
- Basement Apartment
- 3 + 1 Kitchens
- Forced Air Gas Heating
- Central Air
Property
- Lot Size 61.79 x 237.23 Feet
- < .50 Acreage
- Aluminum Siding/Vinyl Siding Exterior
- No Waterfront Access
- Taxes were $2,427 in 2025
- Possession: flexible
Details
- No Fireplace
- Family Room
- Sewers
- Municipal Water
- MLS #X12512288
- BOWES & COCKS LIMITED
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Office | Lower | 16.44' x 18.27' | South View, Built-in Vanity |
| 2 | Kitchen | Lower | 11.06' x 14.04' | |
| 3 | Bathroom | Lower | 6.33' x 7.78' | 3-PieceBath |
| 4 | Kitchen | Main | 16.44' x 14.17' | Eat-in Kitchen |
| 5 | Bathroom | Main | 5.28' x 8.76' | 3-PieceEnsuite |
| 6 | Office | Main | 16.44' x 11.02' | |
 | 1 4-Piece Bathroom on Upper | |||
| 2 4-Piece Bathrooms on Main Floor | |||
| 1 3-Piece Bathroom on Lower | |||
| 1 1-Piece Bathroom on Lower | |||
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Who lives here?
Norwood, Asphodel-Norwood is an east GTA neighbourhood notable for its singles, renters, salespeople and tradespeople. It has a higher than average population of immigrants. Residents tend to be younger with a significant number of babies, kids aged 5 to 14 and adults aged 35 to 44.
Families
Kids Per Family
0.9
kids per family
in the neighbourhood.
Singles
38%
of residents are
single and loving it.
38% singles
Asphodel-Norwood (36%)Renters
27%
of residents
are renters.
27% renters
Asphodel-Norwood (17%)Education
11%
of residents are
university grads.
11% university grads
Asphodel-Norwood (17%)Income
Average Household Income
$93K
is the average household
income in the neighbourhood.
Professions
Professions
| Trades | 15% |
| Sales | 14% |
| Government | 9% |
| Business | 6% |
| Management | 5% |
Immigrants
7%
of residents were
born outside of Canada.
7% immigrants
Asphodel-Norwood (6%)Birthplace - All
2.3% from UK
All-time
Foreign Languages
Foreign Languages
| French | 1% |
| Dutch | 1% |
Religions
Religions
| Christian | 65% |
