For Sale

25 MAIN Street, Norwich, Ontario N0J1P0

$2,000,000

25 MAIN Street, Norwich, Ontario N0J1P0 is For Sale and has a listing price of 2,000,000. The property is located in the Norwich neighbourhood. It's been on the website for 174 Days.

  • Office
    Property Type
  • Attached Garage
    Parking
  • 10
    Parking Spaces
  • MLS ID: 40567108
  • Office Name Re/Max a-b Realty Ltd Brokerage
Property Description

Looking for an investment with a return with a 7.5% cap rate? This property is operated as a retirement home with 20 beds, main floor kitchen plus an on-site residence for the owners, a car port , ample parking, and substantial upgrades over the past seven years, including a new elevator, fire suppression systems, windows, stand by generator, and much more. This is a building/land sale only. The tenant will sign a 5 year triple net lease with an extension option for a further 10 years. (id:43137)

Property Details
  • MLS ID: 40567108
  • Price: $2,000,000
  • Transaction Types: For Sale
  • Ref ID: 26721759
  • Year Built: N/A
  • Property Type: Office
  • Property Type: Commercial
  • Property Sub Category: Office
Price History
List Date MLS ID List Price Status End Date Closed Price
04/08/2024 40567108 $2,000,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Norwich
  • $1,025,425 Average List Price
    based on 1 year
  • 42 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 107.58 % Up
  • Sold (12mo) 29
  • Rented (12mo) 4

  • 1 Month Change +6.8%
  • 3 Month Change +33.6%
  • 6 Month Change +1.3%
Walkscore
Property Type Distribution
  • All Houses
    81.4%
  • All Houses/Commercial
    0.12%
  • Commercial
    14.85%
  • Condo
    1.99%
  • Land for Sale
    1.64%
Additional Details
  • Sewers Municipal Sewage System
  • Basement2 Full
  • Water Municipal Water
  • Exterior Brick
  • Total Parking Spaces: 10
  • Property Features Elevator, Paved Driveway, Passenger Elevator
  • Fireplace False
  • Security Alarm System
  • Parking Attached Garage
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 08/04/2024 00:00:00
  • Zoning R1-2(3)
  • Agent Name: Marius Kerkhoff
  • Address Subdivision: Norwich Town
  • Last Updated: 08/11/2024 15:50:52
Open House Dates
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