Multifamily in Norwich available for sale
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Apartment Building for Sale in Norwich

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Norwich Apartment Building for Sale

More details for 285 Highway 3, Tillsonburg, ON - Multifamily for Sale

285 Highway 3

Tillsonburg, ON N4G 4G7

  • Multifamily for Sale
  • $1,685,000 CAD
  • 10,000 SF

Tillsonburg Multifamily for Sale

Beautifully maintained 7-unit multifamily property offering strong income and long-term investment stability. The building features a desirable unit mix of 1 three-bedroom, 1 two-bedroom, 2 one-bedroom, and 3 bachelor apartments, each thoughtfully updated between tenancies. One unit is currently vacant, providing an immediate opportunity to set new market rent or for flexible owner use. Ample on-site parking and a 2,200 sq.ft. insulated and heated detached garage/shop with plumbing add to the versatility of the property. The shop is currently owner-occupied but could be leased for hobby use, storage, or small business purposes (estimated at ~$2,500/month).The property sits on a 1.09-acre CH-zoned corner lot with dual road access, allowing for multiple future-use possibilities and income growth potential. Conveniently located along Highway 3 between Tillsonburg and Delhi, this is an excellent investment for those seeking a clean, well-managed asset with reliable tenants and upside potential.

Contact:

Century 21 Heritage House LTD Brokerage- Woodstock

Property Subtype:

Apartment

Date on Market:

2025-10-20
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LoopNet Canada Ontario Apartment Buildings For Sale in Norwich, ON, Canada

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Apartment Buildings for Sale in Norwich

View All Available Listings
How many apartment buildings are available for sale in Norwich?
There are currently 1 apartment buildings available for sale in Norwich, offering a unique opportunity for businesses to establish a presence.
How big are the apartment buildings available for sale in Norwich?
The average size of apartment buildings available for sale in Norwich is about 10,000 SF. The largest apartment buildings available to buy is 10,000 SF and the smallest is 10,000 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.
What's the cap rate for apartment buildings in Norwich?
The average market cap rate for apartment buildings for sale is about 5.99% based on data provided in Norwich. Learn more about how cap rates are calculated.
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