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$1,995,000
For Sale
2228 Indian River Line, Otonabee-South Monaghan, ON K0L 2B0
Otonabee-South Monaghan, ON K0L 2B0
Property Sub Type
Investment
Property Type
Commercial
Property Use
Apartment
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.
