ON > Otonabee-south Monaghan > Otonabee-South Monaghan
Otonabee-south Monaghan, ON K0L 2B0,2228 Indian River Line
Otonabee-south Monaghan, ON K0L 2B0,2228 Indian River Line
Otonabee-south Monaghan, ON K0L 2B0,2228 Indian River Line
Otonabee-south Monaghan, ON K0L 2B0,2228 Indian River Line
Otonabee-south Monaghan, ON K0L 2B0,2228 Indian River Line
Otonabee-south Monaghan, ON K0L 2B0,2228 Indian River Line
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Fawad Nissari

Fawad Nissari

+1(416) 878-1085
$ 1,995,000
Est. payment | /mo

3 SqFt

Save
$ 1,995,000
Est. payment | /mo
Save

3 SqFt

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 3 sqft

Price per Sqft $665,000

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

Community Otonabee-South Monaghan

Area Peterborough

Interior

Cooling No

Exterior

Utilities Available Yes

Lot Frontage 298.04

Lot Depth 547.0

Others

ParcelsYN No

Listed by EXP REALTY
Fawad Nissari

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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