21
See all 21 photos
$1,995,000
Est. payment /mo
6,000 SqFt
Active
2228 INDIAN RIVER Line Peterborough, ON K0L2B0
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Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $332
Subdivision Otonabee Township
MLS® Listing ID 40777751
Property Sub-Type Freehold
Source Barrie & District Association of REALTORS® Inc.
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. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 12
Private Pool No
Building
Story 1
Sewer Septic System
Others
Ownership Freehold
Listed by EXP Realty Brokerage
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