407 Main St E

About this Property

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.

Listing Details

MLS #

X13860628

Board

PROPTX

Market

ontario

Property Type

Multiplex

Style

2-Storey

Garage

None

Parking Spaces

9

Basement

Unfinished, Full

Heating

Forced Air

Cooling

Central Air

Pool

None

Lot Size

126.78 × 194 ft

Annual Taxes

$4,939/yr

Listed By

Wiltshire Realty Inc. Brokerage

Listed On

October 5, 2026