19
  • X12483650
  • MLS® Number
  • Property Type
  • Investment, Commercial
  • Acres
  • Land Area
  • 3.799 Sqft
  • Area Size

2228 Indian River Line, Otonabee-south Monaghan, ON K0L 2B0

  • $1,995,000

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.

Details

MLS® Number X12483650
Property Size 3.799 Sqft
Updated on October 27, 2025 at 3:45 pm

Additional details

  • Utilities: Yes
  • Cooling: No
  • County: Peterborough
  • Property Type: Commercial Sale

Address

  • Address: 2228 Indian River Line
  • City: Otonabee-south Monaghan
  • State/county: ON
  • Zip/Postal Code: K0L 2B0
  • Country: CA

Contact Information

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