3246 County Road 2 Road

Otonabee-South Monaghan, ONMulti-family
$1,350,000
MLS® X14117642
Multi-family8 baths15 total[object Object]
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About This Property

5 residential units, 4 office spaces, and 2 retail spaces, offering a diverse mix of income-generating opportunities. All Commercial Spaces are currently vacant providing opportunities to set market rents, or reconfigure for into more strategic spaces. The property also includes an unused section of land measuring approximately 66' x 223' with multiple options as per LC6 Zoning - view attachments for future development opportunities. The 5 rented apartments generate $91,740 in annual rental income, with the vacant office and retail spaces offering an estimated $43,200+ annually. Ample parking is available. Factor in the low-maintenance ownership, streamlined utilities, established rental income, low property taxes, and multiple value-add opportunities, and you have an exceptional investment property offering immediate income, potential for future growth, and development opportunities. (id:63604)

Key Facts

Type
Multi-family
Baths
8
Size
1 sqft
Lot
1.02
Parking
15 total

Highlights

  • All
  • Washer
  • Water softener
  • Dishwasher
  • Dryer
  • Water Heater
Property Details 12 details
Bathrooms
8 bathrooms
Parking
15 parking spaces
Living area
1
Property
Multi-family · Attached
Property subtype
Multi-family
Structure type
Multi-Family
Attached status
Attached
Heating
Hot water radiator heat, Natural gas, Radiator
Cooling
Partially air conditioned
Fireplace
No
Lot dimensions
1.02
Lot area
1.02 acres
Frontage
192 feet
Taxes
$8,058.37 (2,025)
Zoning
LC6

Interior features

AllWasherWater softenerDishwasherDryerWater Heater
Mortgage & Affordability Estimate monthly costs
Purchase price$1,350,000
Down paymentNot available
Mortgage amountNot available
Principal & interestNot available
Property taxesNot available
Condo/HOA feeNot available
Insurance/OtherNot available
UtilitiesNot available
Est. monthly totalNot available
Income needed (GDS 32%)Not available
Estimates only. Not financial advice. Rates, taxes and fees vary by lender and municipality.

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Neighbourhood

Area
Otonabee-South Monaghan
City
Otonabee-South Monaghan
Postal code
K0L 2G0
Nearby
Cross Streets: County Rd 2 & Heritage Line. ** Directions: Hwy 7 to Heritage Line, South to Keene, Turn West, Property On North Side of the Road.