$1,995,000
Available - For Sale
Listing ID: X12483650
2228 Indian River Line , Otonabee-South Monaghan, K0L 2B0, Peterborough
| 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. |
| Price | $1,995,000 |
| Taxes: | $6813.00 |
| Tax Type: | Annual |
| Assessment Year: | 2024 |
| Occupancy: | Owner+T |
| Address: | 2228 Indian River Line , Otonabee-South Monaghan, K0L 2B0, Peterborough |
| Postal Code: | K0L 2B0 |
| Province/State: | Peterborough |
| Directions/Cross Streets: | Trans Canada Hwy & Indian River Line |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Apartment |
| Building Percentage: | T |
| Total Area: | 3.80 |
| Total Area Code: | Acres |
| Washrooms: | 0 |
| Heat Type: | Electric Hot Water |
| Central Air Conditioning: | No |
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416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184
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At a Glance:
| Type: | Com - Investment |
| Area: | Peterborough |
| Municipality: | Otonabee-South Monaghan |
| Neighbourhood: | Otonabee-South Monaghan |
| Tax: | $6,813 |
| Fireplace: | N |
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