2228 Indian River Line new Save Request In-Person Tour Request Virtual Tour
Peterborough,ON K0L 2B0
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $332
MLS Listing ID 40777751
Abv Grd Liv Area 6,000
Annual Tax Amount $6,813
Property Sub-Type Multi Family
Source Barrie
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
Area Otonabee-South Monaghan
Zoning RR-12H
Direction Located just off the trans Canada Highway and a bit past the corner of Indian River Line
Rooms
Basement None
Kitchen 0
Interior
Interior Features Other
Heating Baseboard
Cooling Other
Fireplace No
Laundry Common Area
Exterior
Roof Type Asphalt Shing
Lot Frontage 298.04
Garage No
Building
Lot Description Irregular Lot,Other
Faces Located just off the trans Canada Highway and a bit past the corner of Indian River Line
Story 1
Sewer Septic Tank
Water Well
Structure Type Aluminum Siding
New Construction No
Others
Senior Community No
Tax ID 281700109
Ownership Freehold/None