Market activity for 407 Main Street
No listing history available
This is the first time this property is listed
A charming and original piece of Springford with strong investment appeal.This 5-unit multi-residential property is situated on a large lot backing onto the creek, offering a rare combination of stable rental income, tenant desirability, and long-term value.All units have been well maintained, with Units 4 and 5 recently updated, featuring improved kitchens, bathrooms, flooring, and additional upgrades. The building is serviced by five independent gas forced-air furnaces, providing unit-by-unit efficiency and helping keep operating costs predictable. Most wiring and plumbing have been updated, adding peace of mind for long-term ownership.The property is protected by a Duraloc steel roof (approximately 20 years old), contributing to its low-maintenance profile. Outdoor space further enhances tenant appeal, with Units 2, 3, and 5 enjoying private decks or balconies overlooking the expansive rear yard, while Units 1 and 4 benefit from a generous front porch.Set on a deep lot with creek views, this property offers excellent tenant demand today, with potential long-term upside tied to land value and future enhancement in a growing rural community. A compelling opportunity for investors seeking a solid buy-and-hold asset with durability, income stability, and room to grow.Rent roll and financial information available upon request to qualified buyers.
18 x 14 Feet
Level: Main
Hardwood Floor, Pot Lights, Combined w/Dining
12 x 10 Feet
Level: Main
Centre Island, B/I Appliances, Quartz Counter
15 x 13 Feet
Level: Upper
5 Pc Ensuite, Walk-In Closet(s), Coffered Ceiling(s)
12 x 11 Feet
Level: Upper
3 Pc Bath, Pot Lights, Walk-In Closet(s)
11 x 10 Feet
Level: Upper
Pot Lights, Hardwood Floor
Provincial Tax (Ontario)
$26,375
