3246 COUNTY ROAD 2 ROAD
Otonabee-South Monaghan, Ontario
MLS® X14115942
$1,350,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X14115942
- Bedrooms
- 9
- Bathrooms
- 8
- Year built
- —
1 / 50Listing 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.
Property summary
- MLS® number
- X14115942
- Property type
- Multi-family
- Building type
- Other
- Land size
- 192 x 223 FT
- Annual property taxes
- $8,058.37
- Parking
- 12 spaces · No Garage
- Days on market
- 5 days
Features & details
- Heating
- Radiant heat, Natural gas
- Cooling
- None
- Basement
- None
- Appliances
- All, Washer, Refrigerator, Water softener, Dishwasher, Stove, Dryer, Water Heater
- Exterior features
- Brick
What would this home cost you?
Based on the $1,350,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Royal Service Real Estate Inc., Cobourg.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.