Property Information:

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.

Inclusions: Other,Two Washers, Two Dryers, All Current (And Non Tenant Owned) Fridge & Stoves

Exclusions : All Tenant Belongings

Building Features:

Floor Space: 6000 Square Feet

Property Features:

Bedrooms: 0
Acres Range: 2-4.99
Basement: None
Construction Materials: Aluminum Siding
Cooling: Other
Driveway Parking: Private Drive Double Wide
Floor Space (approx): 6000 Square Feet
Heating: Baseboard
Interior Features: Other
Laundry Features: Common Area
Lot Features: Irregular Lot, Other
Lot Frontage: 298.04 Feet
Roof: Asphalt Shing
Water Source: Well
Zoning: RR-12H
Sewer: Septic Tank
No. of Parking Spaces: 12

Courtesy of: EXP Realty Brokerage, EXP REALTY

Data provided by: Barrie & District Association of REALTORS® 676 Veterans Dr., Barrie, Ontario L9J 0H6
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Demographic Information of 2228 Indian River Line, Peterborough, ON, K0L 2B0