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:4069)
Address
2228 INDIAN RIVER Line
List Price
$1,995,000
Property Type
Multi-family
Transaction Type
Sale
Area
Ontario
Sub-Area
Peterborough
Floor Area
6,000 Sq. Ft.
MLS® Number
40777751
Listing Brokerage
EXP Realty Brokerage
| EXP REALTY
Basement Area
None
Postal Code
K0L2B0
Zoning
RR-12H
