3246 COUNTY ROAD 2 ROAD
Otonabee-South Monaghan, Ontario
MLS® X14117642
$1,350,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X14117642
- Bedrooms
- —
- Bathrooms
- 8
- Year built
- —
1 / 50Listing description
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.
Property summary
- MLS® number
- X14117642
- Property type
- Multi-family
- Building type
- Multi-Family
- Size
- 1 sq ft
- Land size
- 1.02 acres
- Annual property taxes
- $8,058.37
- Parking
- 15 spaces
- Days on market
- 5 days
Features & details
- Heating
- Hot water radiator heat, Natural gas, Radiator
- Cooling
- Partially air conditioned
- Appliances
- All, Washer, Water softener, Dishwasher, Dryer, Water Heater
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.