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$1,350,000
Otonabee-South Monaghan
3246 County Road 2 Road, Otonabee-South Monaghan, Ontario, K0L2G0
This multi-family property in Otonabee-South Monaghan is for sale. It has been on the market 9 days, fresher than the Otonabee-South Monaghan average of 97 days.
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. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 9 days on market, against an average age of 97 days across the listings currently for sale in this city
This 9-bed multi-family in Otonabee-South Monaghan has been listed for 9 days, which is 88 days fresher than the city average of 97. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,350,000, about 17.1× the local median household income of $79,000.
Carrying it typically needs a household income of about $263,702 (20% down, 25-yr amortization, stress-tested) — roughly 234% above the area median.
Source: Statistics Canada, 2021 Census (FSA K0L)
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Loading rates, 30-yr amortization
Cash Needed to Close
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