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:60365)
Property Details
| MLS® Number | X12483650 |
| Property Type | Multi-family |
| Community Name | Otonabee-South Monaghan |
Building
| Appliances | Dryer, Washer |
| CoolingType | None |
| HeatingFuel | Electric |
| HeatingType | Hot Water |
| SizeInterior | 4 Ac |
| Type | Multi-family |
Land
| Acreage | Yes |
| SizeIrregular | 4.26 |
| SizeTotal | 4.26 Ac |
| SizeTotalText | 4.26 Ac |
| ZoningDescription | Rr-12h |
Andrew Odoardi
Salesperson
4711 Yonge St 10th Flr, 106430
Toronto, Ontario M2N 6K8
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October 27 2025 05:15:10
Toronto Real Estate Board
Exp Realty
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