2183 Asphodel 5th Line, Asphodel-Norwood

$639,900
2183 Asphodel 5th Line

$639,900

Price Change
31d
DetachedBungalow

2183 Asphodel 5th Line, Asphodel-Norwood

Total Monthly Obligation $3,259

Beds
3
Baths
1
Park
8
Sqft
1500-2000
DOM
31d
Yield
6.1%
Cash on Cash
2.4%
Cap Rate
5.1%
5Y IRR
17.5%
10Y IRR
16.2%
Property Type-Detached
MLS® Number-X13819454
Beds-3
Bathrooms-1
Size-1500-2000 sqft
Lot Size-450 × 140 ft
Listed on site-Sep 22, 2026
Style-Bungalow
Building Type-Detached
Taxes-$3,636 (2025)
Parking-10 - Attached
Basement-None
Heating-Other (Propane)
Brokerage-RE/MAX HALLMARK EASTERN REALTY
Cooling-Wall Unit(s)
Laundry-No
Fireplace-Propane
Pool-None
Facing-East
Exterior-Vinyl Siding
Roof-Metal
Foundation-Slab
Sewer-Septic
Possession-Flexible
Neighbourhood-Rural Asphodel-Norwood
Title-Residential Freehold

No agent assigned

1.45 ACRE PACKAGE | LOTS OF SPACE FOR OPTIONS! This all brick ranch style bungalow offers just over 1,700 square feet of main floor only living with 3 bedrooms, a 6 piece main or semi-ensuite bathroom which could be converted back to an original 2 bathroom home, with an originally designed triple attached garage that's been redesigned as an extended double with an office or bonus enclosed space. Inside, an open concept set of living areas surround the kitchen, introducing many options, with 2 separate entrances and 2 freestanding gas fireplaces. You can either use this space as one large great room, or living room plus main floor family or study, or games room, or art studio, or fitness room, or whatever you could envision with this blank canvas. The outside options are many, including a level lot with 2 separate entrances, a 28' X 20' reinforced wood and metal storage building, but the standout highlight, a 48' X 36' Quonset building where the main feature here is an unobstructed floor space that could be used for business applications such as fabricating, woodworking, automotive repairs, or as a greenhouse. Personal uses could include storing large vehicles such as boats, an RV, RV trailer, or simply great for hobbies in general, or for covered gatherings for family, events, or entertaining; the possibilities are seemingly endless. Approximately 5 minutes to Norwood, 15 minutes to east-end Peterborough, 25 minutes to downtown Peterborough or Costco, or an hour to Durham Region. Don't miss out on this opportunity for acreage with options! FOR HIGH-RESOLUTION PICTURES, FLOOR PLANS, AND A 360 INTERACTIVE 3D TOUR, PLEASE SEE THE VIRTUAL TOUR.

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Closing Costs

Mortgage Amount
$511,920
Land Transfer Taxes$9,273
Legal Fees (Est.)
$
Total cash required for closing$138,753

Total Monthly Obligation

$3,259/mo
Mortgage $2,581
Monthly Loss $2,580
Principal$679
Interest$1,902
Property Tax$303
Home Insurance$125
Variable Costs$250

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

Comparables

Properties near 2183 Asphodel 5th Line

Time

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