61 photos
3246 County Road 2 Road, Otonabee-South Monaghan, ON K0L 2G0
Otonabee-South Monaghan · Otonabee-South Monaghan · K0L 2G0
$1,350,000
About this property
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.
Details
- Property type
- Multiplex · Residential Freehold
- Bedrooms
- 9
- Bathrooms
- 8
- Living area
- 5000 + sq ft
- Lot
- 192 × 223 Feet
- Year built
- 100+
- Style
- 2-Storey
- Heating
- Radiant · Gas
- Cooling
- None
- Sewer / septic
- Septic
- Basement
- None
- Garage
- None
- Parking total
- 12
- Taxes
- $8,058 (2026)
Location
Approximate location, placed by postal code. Postal code data © GeoNames (CC BY 4.0).
Payments on this home
Estimated monthly payment
$5,978
Principal and interest only, using Canadian semi-annual compounding. Taxes, insurance, and CMHC premiums (required under 20% down) are extra. For planning, not a lending commitment.
Listing courtesy of Royal Service Real Estate Inc.. Listing data provided by the originating real estate board via PropTx Amplify Syndication.
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Information is deemed reliable but not guaranteed accurate. Room measurements are deemed reliable but not guaranteed.