2228 Indian River Line Otonabee-South Monaghan, Ontario K0L 2B0
$1,995,000
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:49187)
Property Details
| MLS® Number | X12483650 |
| Property Type | Multi-family |
| Community Name | Otonabee-South Monaghan |
Building
| Appliances | Dryer, Washer |
| Cooling Type | None |
| Heating Fuel | Electric |
| Heating Type | Hot Water |
| Size Interior | 4 Ac |
| Type | Multi-family |
Land
| Acreage | Yes |
| Size Irregular | 4.26 |
| Size Total | 4.26 Ac |
| Size Total Text | 4.26 Ac |
| Zoning Description | Rr-12h |
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October 27 2025 05:15:10
Toronto Real Estate Board
Exp Realty