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3246 County Road 2 Road, Otonabee-South Monaghan, ON K0L 2G0

$1,350,000
: 9
BD
: 8
BA

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List Price: $1,350,000
MLS#: X14115942
Status: ACTIVE
Type: Multifamily
SubType: Multiplex
Style: 2-Storey
Bedrooms: 9
Bathrooms: 8
Living Area: 5000 +
Province: ON
Municipality: Otonabee-South Monaghan
Area: Peterborough
Neighborhood: Otonabee-South Monaghan
Subdivision: County Rd 2 & Heritage Line

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Property Description

This low-maintenance multiplex features 5 residential units, 4 office spaces, and 2 retail spaces, offering a diverse mix of income-generating opportunities. The property also includes an adjoining vacant parcel of land measuring approximately 66' x 223', presenting exciting potential for future development and added value, subject to approvals. The 5 rented apartments generate $91,740 in annual rental income, with the vacant office and retail spaces offering an estimated $43,200 in potential annual income once leased. Factor in the low-maintenance ownership, streamlined utilities, established rental income, and multiple value-add opportunities, and you have an exceptional investment property offering both immediate income and exciting potential for future growth.

(416) 919-7107

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Additional Information

Taxes: $8,058
Heat Type: Radiant
Heat Source: Gas
Air Conditioning: None
Family Room: Yes
Kitchens: 5
Exterior: Brick
Garage Type: None
Pool: None
Parking Spaces: 12
Parking Type: Private Triple, Private