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2228 Indian River Line Peterborough, ON K0L 2B0
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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
Community Otonabee-South Monaghan
Area Peterborough
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 298.04
Lot Depth 547.0
Others
ParcelsYN No
Listed by EXP REALTY
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