4395 Highway 7, Asphodel-Norwood

$574,900
4395 Highway 7

$574,900

New
38d
DetachedBungalow

4395 Highway 7, Asphodel-Norwood

Total Monthly Obligation $3,000

Beds
4
Baths
3
Park
6
Sqft
1100-1500
DOM
38d
Yield
6.3%
Cash on Cash
2.7%
Cap Rate
5.2%
5Y IRR
17.8%
10Y IRR
16.4%
Property Type-Detached
MLS® Number-X13784474
Beds-4
Bathrooms-3
Size-1100-1500 sqft
Lot Size-102 × 90.59 ft
Listed on site-Sep 15, 2026
Style-Bungalow
Building Type-Detached
Age-6-15
Taxes-$3,677.88 (2025)
Parking-8 - Attached
Basement-Finished with Walk-Out
Heating-Forced Air (Gas)
Brokerage-Royal LePage ProAlliance Realty
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Vinyl Siding
Roof-Fibreglass Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexable
Neighbourhood-Norwood
Title-Residential Freehold

No agent assigned

This 15-year-old custom-built bungalow offers almost 1,400 sq ft of finished living space on the main level plus an additional 952.75 sq ft of finished basement space. Perfectly positioned for commuters with direct access to Highway 7, this home offers the ideal blend of convenience and privacy just minutes from the amenities of Norwood. Inside, the bright open-concept layout features 2+2 bedrooms, with two full bathrooms on the main level and a powder room in the finished basement. The spacious primary suite includes a walk-in closet and a beautifully appointed ensuite with a classic claw-foot tub. Thoughtful touches like main-floor laundry and a kitchen pantry add everyday ease, while the large living room opens onto a deck overlooking peaceful water views. The lower level is where this home really stands out, offering a separate entrance, two additional bedrooms, and a family room, creating incredible in-law suite potential or a comfortable, private space for extended family, older kids, or guests. With its own walkout to a screened-in sunroom and hot tub, it truly feels like a space of its own. Step outside and you'll find a completely different setting, a private, nature-inspired backyard backing onto the tranquil Norwood pond. Whether it's birdwatching, fishing, canoeing, or quiet mornings by the water, this property offers a lifestyle that's hard to find. Completing the home is a large insulated 25' x 25' garage with 10' ceilings, two heaters, a workshop area, and a secondary electrical panel (30 amp, 220V), ideal for hobbyists or additional storage. A rare opportunity to enjoy small-town living with the flexibility of multi-generational space and a peaceful waterfront backdrop.

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Closing Costs

Mortgage Amount
$459,920
Land Transfer Taxes$7,973
Legal Fees (Est.)
$
Total cash required for closing$124,453

Total Monthly Obligation

$3,000/mo
Mortgage $2,319
Monthly Loss $2,390
Principal$610
Interest$1,709
Property Tax$306
Home Insurance$125
Variable Costs$250

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 4395 Highway 7

Time

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