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2228 INDIAN RIVER LINE Otonabee-South Monaghan
  • 2228 INDIAN RIVER LINE Otonabee-South Monaghan
  • 2228 INDIAN RIVER LINE Otonabee-South Monaghan
  • 2228 INDIAN RIVER LINE Otonabee-South Monaghan
  • 2228 INDIAN RIVER LINE Otonabee-South Monaghan
  • 2228 INDIAN RIVER LINE Otonabee-South Monaghan
  • 2228 INDIAN RIVER LINE Otonabee-South Monaghan
  • 2228 INDIAN RIVER LINE Otonabee-South Monaghan
  • 2228 INDIAN RIVER LINE Otonabee-South Monaghan
  • 2228 INDIAN RIVER LINE Otonabee-South Monaghan
  • 2228 INDIAN RIVER LINE Otonabee-South Monaghan
  • 2228 INDIAN RIVER LINE Otonabee-South Monaghan
  • 2228 INDIAN RIVER LINE Otonabee-South Monaghan
  • 2228 INDIAN RIVER LINE Otonabee-South Monaghan
  • 2228 INDIAN RIVER LINE Otonabee-South Monaghan
  • 2228 INDIAN RIVER LINE Otonabee-South Monaghan
  • 2228 INDIAN RIVER LINE Otonabee-South Monaghan
  • 2228 INDIAN RIVER LINE Otonabee-South Monaghan
  • 2228 INDIAN RIVER LINE Otonabee-South Monaghan
  • 2228 INDIAN RIVER LINE Otonabee-South Monaghan
  • 2228 INDIAN RIVER LINE Otonabee-South Monaghan

2228 INDIAN RIVER LINE, Otonabee-South Monaghan, Ontario

$1,995,000

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:50212)

  • Listing ID: X12483650
  • Property Type: Multi-family
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Details

  • Transaction: For sale
  • Zoning Description: RR-12H

Building

  • Appliances: Dryer, Two Washers
  • Cooling: None
  • Fireplace Present: False
  • Heating: Hot Water
  • Heating Fuel: Electric
  • Size Interior: 4 ac
  • Type: Multi-Family

Land

  • Acreage: true
  • Size Irregular: 4.26
  • Size Total: 4.26 ac
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 2228 INDIAN RIVER LINE in Otonabee-South Monaghan Ontario. It was last modified on October 27th, 2025. Contact The TanTeam to schedule a viewing or to discover other Otonabee-South Monaghan real estate for sale.

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