2361 County Rd 45

Asphodel-Norwood, ON

0.43 sqft • Commercial Retail • 336 days on market

$2,150,000

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.

Listing Details

Taxes (2024): $8,856
Listed: September 18, 2025

Price History

Listing history

Property

Lot Size: 99 x 198 Feet

Location & Legal

Cross Street: Hwy 7/Cty Rd 45
Zoning: C1-F Commercial & Residential
Parcel Number: 282120166
Possession: 60-89 days

Commercial

Occupancy: Tenant

Included

Inclusions: Residential - 5 fridges, 5 stoves, 5 electric hot water tanks. Commercial - 3 electric hot water tanks, 1 gas hot water tank, all contents of laundromat- 4 top washers, 4 front washers, 4 double dryers stacked, 1 dryer 45 lb stacked, 2 x 45 lbs washer.
Exclusions: Personal items.

Community

Postal area K0L

Population: 78,142
Private dwellings: 48,786
Median age: 54
Average household size: 2.3
Median household income: $79,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Commercial in Asphodel-Norwood · last 12 months

Median sold price: $565,000
Homes sold: 54
Median days on market: 46
Sale-to-list price: 96.7%

Based on 54 recorded sales of commercial properties in Asphodel-Norwood over the last 12 months.

Listed by

RE/MAX HALLMARK EASTERN REALTY