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$ 1,350,000
Est. payment | /mo
9 Beds
8 Baths
1.02 Acres Lot
$ 1,350,000
Est. payment | /mo
9 Beds
8 Baths
1.02 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Otonabee-South Monaghan
MLS Listing ID X14115942
Style 2-Storey
Bedrooms 9
Annual Tax Amount $7,765
Tax Year 2026
Lot Size 1.020 Acres
Property Sub-Type Multiplex
Property Description
This low-maintenance multiplex features 5 residential units, 4 office spaces, and 2 retail spaces, offering a diverse mix of income-generating opportunities. The property also includes an adjoining vacant parcel of land measuring approximately 66' x 223', presenting exciting potential for future development and added value, subject to approvals. The 5 rented apartments generate $91,740 in annual rental income, with the vacant office and retail spaces offering an estimated $43,200 in potential annual income once leased. Factor in the low-maintenance ownership, streamlined utilities, established rental income, and multiple value-add opportunities, and you have an exceptional investment property offering both immediate income and exciting potential for future growth.
Location
Province ON
County Peterborough
Area Peterborough
Rooms
Family Room Yes
Basement None
Kitchen 5
Interior
Interior Features Storage
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Private Triple, Private
Pool None
Roof Type Flat
Lot Frontage 192.0
Lot Depth 223.0
Total Parking Spaces 12
Building
Building Age 100+
Foundation Poured Concrete
Others
ParcelsYN No
Listed by Royal Service Real Estate Inc.
Nearby Locations
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Peter Reda
Agent License ID: 2927119