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Est. payment | /mo
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
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
State 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
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