4289 HIGHWAY 7
Central Lakes · K0L2V0
$639,000
About this residence
Ideally situated on Highway 7, this well-maintained multi-use building offers exceptional investment potential with a blend of commercial and residential income streams. The property features two commercial units and three residential apartments, with flexible configurations to maximize returns. Commercial Unit Main Floor: Street-facing unit, previously a barber shop - perfect for retail or service use. Lower Level: Former hair salon, adaptable for a range of commercial purposes. (Both commercial units are currently vacant, offering immediate opportunities for new tenants or owner operation.) Residential Units: Main Level Apartment (3 Bedrooms): Originally two separate units (a 1-bedroom and a 2-bedroom), this large apartment features an eat-in kitchen, family room, living room, three bedrooms, two 4-piece baths. It can easily be converted back into two self-contained apartments for increased rental income. Lower-Level Apartment (1 Bedroom): Comfortable unit with den, living room, and full kitchen. Third-Floor Apartment (2 Bedrooms): Bright and spacious, offering two bedrooms and a 4-piece bathroom. Additional Features: Tenancy: One unit is owner-occupied; two are rented to long-term, reliable tenants. Heating: Efficient natural gas furnace (replaced in 2013). Exterior: Metal roof and vinyl/aluminum siding for low-maintenance durability. Basement: Clean, dry space for storage or utilities. Investment Opportunity: This is a rare chance to acquire a solid, income-generating property with room for customization. Ideal for investors or owner-occupiers seeking additional revenue in a high-visibility location on Highway 7 in Norwood. (id:61366)
Property details
- Property type
- Single Family
- Style
- House
- Ownership
- Freehold
- Bedrooms
- 6 (5 above, 1 below)
- Bathrooms
- 5 (1 half)
- Storeys
- 3
- Living area
- 2,000–2,500 sq ft
- Lot size
- 61.8 x 237.2 FT ; Triangular
- Frontage
- 61.9 feet
- Parking
- 5 spaces
- Annual tax
- $2,427
- MLS®
- X12512288
- Board
- Central Lakes
- Status
- Inactive
- Listed
- Nov 5, 2025
- Updated
- Dec 8, 2025
Room dimensions
| Room | Level | Dimensions |
|---|---|---|
| Office | Lower level | 5.01 × 5.57 m |
| Bathroom | Main level | 1.61 × 2.67 m |
| Office | Main level | 5.01 × 3.36 m |
| Living room | Main level | 4.97 × 4 m |
| Bathroom | Main level | 2.13 × 2.47 m |
| Family room | Main level | 3.2 × 3.9 m |
| Bedroom 2 | Main level | 2.91 × 3.1 m |
| Bedroom 3 | Main level | 2.91 × 3.26 m |
| Utility room | Lower level | 8.21 × 4.49 m |
| Kitchen | Upper Level | 3.42 × 5.03 m |
| Living room | Upper Level | 4.97 × 3.69 m |
| Primary Bedroom | Upper Level | 3.06 × 2.82 m |
| Bedroom 2 | Upper Level | 2.69 × 3.19 m |
| Bathroom | Upper Level | 2 × 1.6 m |
| Kitchen | Lower level | 3.37 × 4.28 m |
| Living room | Lower level | 4.18 × 5.05 m |
| Primary Bedroom | Lower level | 3.04 × 4.15 m |
| Study | Lower level | 3.05 × 2.41 m |
| Utility room | Lower level | 3.05 × 2.38 m |
| Bathroom | Lower level | 1.93 × 2.37 m |
| Kitchen | Main level | 5.01 × 4.32 m |
| Primary Bedroom | Main level | 3.26 × 3.44 m |
Features & finishes
Appliances
- Refrigerator
- Stove
- Range
- Oven - Built-In
- Water Heater
Heating
- Forced air
- Natural gas
Cooling
- Central air conditioning
Basement
- Finished
- Walk out
- Partially finished
- Separate entrance
- Apartment in basement
Exterior
- Aluminum siding
- Vinyl siding
Foundation
- Block
Parking
- No Garage
Lot
- Level
- Lighting
Sewer & Utilities
- Sanitary sewer
Financing
Estimated monthly payment
$2,988/mo
Loan amount
$511,200
Down payment
$127,800
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Central Lakes
Nearby
About the area
Census · K0L- 78,142
- Population
- 54
- Median age
- $79,000
- Median income
- $500,000
- Median home value
- 88%
- Home ownership
- 31 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 4289 HIGHWAY 7?
4289 HIGHWAY 7 is listed for $639,000, in Central Lakes.
How many bedrooms and bathrooms does 4289 HIGHWAY 7 have?
It offers 6 bedrooms and 5 bathrooms (including 1 half-bath).
What type of home is 4289 HIGHWAY 7?
4289 HIGHWAY 7 is a Single Family, House set over 3 storeys.
How large is 4289 HIGHWAY 7?
The home offers approximately 2,000–2,500 sq ft of living space on a lot measuring 61.8 x 237.2 FT ; Triangular.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $2,988. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $2,427 per year.
Is there parking?
Yes — 4289 HIGHWAY 7 includes 5 parking spaces.
What is the Central Lakes area like?
Central Lakes has a population of about 78,142, a median age of 54, a 88% home-ownership rate, with an average commute of about 31 minutes.
What is the average home value in Central Lakes?
The median dwelling value in this area is approximately $500,000, based on census data via Neighbourly.
What is the median household income in Central Lakes?
The median household income in this area is approximately $79,000.
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