3246 COUNTY ROAD 2 ROAD, Otonabee-South Monaghan, Ontario K0L 2G0
$1,350,000.00
- 9 bedrooms
- 8 bathrooms
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 ... read more
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. (id:25417)
- Listing ID: X14115942
- Property Type: Multi-family
| Property | |
|---|---|
| Lot Size: | 192 by 223 FT|1/2 - 1.99 Acres |
| Parking: | No Garage 12 Spaces |
| Building | |
|---|---|
| Type: | Multi-family Other |
| Appliances: | Dishwasher, Dryer, Refrigerator, Stove, Washer, Water Heater, Water Softener and All |
| HVAC: | Fireplace and Radiant Heat Natural Gas |
| Exterior: | Brick |
| Basement: | None |
| Utilities: | Septic System |
| Location | |
|---|---|
| Township: | Otonabee-South Monaghan |
| Province: | Ontario |
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