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Otonabee-south Monaghan, ON K0L 2B0,2228 Indian River Line
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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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Jethro Seymour

Jethro Seymour

+1(416) 712-0767
$ 1,995,000
Est. payment /mo
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2228 Indian River Line Otonabee-south Monaghan, ON K0L 2B0

UPDATED:

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

Lot Depth 547.0

Lot Front 298.04

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

Interior

Cooling No

Exterior

Utilities Available Yes

Lot Frontage 298.04

Lot Depth 547.0

Others

ParcelsYN No

Listed by EXP REALTY
Jethro Seymour

Jethro Seymour

Broker

+1(416) 712-0767

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2228 Indian River Line

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