Realty Pro Listings: X12483650
- Details
- Features
- Specifications
- Room Sizes
- Price:1995000.00
- MLS #: X12483650
- Type: Multi-Family
- AgentId: 2167268
- Address: 2228 INDIAN RIVER LINE
- City: Otonabee-South Monaghan
- Prov.: Ontario
- PostalCode: K0L2B0
- Country: Canada
- Neighbourhood:
- Fireplace:No
- Acreage:Yes
MSL#: X12483650
2228 INDIAN RIVER LINE, Otonabee-South Monaghan
Ontario
Ontario
$1995000.00
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. (id:7303)