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$ 1,995,000
Est. payment /mo
Active
2228 Indian River Line Otonabee-south Monaghan, ON K0L 2B0
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Otonabee-South Monaghan
MLS Listing ID X12483650
Annual Tax Amount $6,813
Tax Year 2024
Property Sub-Type Investment
Property Description
Well-maintained 11-unit building featuring a mix of one-bedroom and bachelor apartments, priced at a 5.1% cap, generating nearly $160,000 annually with room for upside. Located just 15 minutes from Peterborough off the Trans-Canada Highway, offering quiet country living with easy city access. Updates include an 8-year-old roof, new fire-rated exterior doors, some newer windows, and a commercial hot-water tank under 10 years old. Heated by electric baseboard with hydro on one meter and potential to separate utilities for tenant billing. Quiet adult tenant base and a meticulously cared-for building make this a turnkey investment with excellent income stability and future upside.
Location
Province ON
County Peterborough
Area Peterborough
Zoning RR-12H
Interior
Cooling No
Inclusions Two Washers, Two Dryers, all current (and non tenant owned) fridge & stoves
Exterior
Parking Features None
Utilities Available Yes
Building
Lot Description Building
Lited by EXP REALTY
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