Well-maintained 11-unit building featuring a mix of one-bedroom and bachelor apartments, priced at a 5.1% cap, generating nearly $160,000 annually with room for upside. Located just 15 minutes from Peterborough off the Trans-Canada Highway, offering quiet country living with easy city access. Updates include an 8-year-old roof, new fire-rated exterior doors, some newer windows, and a commercial hot-water tank under 10 years old. Heated by electric baseboard with hydro on one meter and potential to separate utilities for tenant billing. Quiet adult tenant base and a meticulously cared-for building make this a turnkey investment with excellent income stability and future upside.
For sale
C$1,995,000
2228 Indian River Line, Otonabee South Monaghan, ON K0L 2B0
--beds
0baths
6,000sqft
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
C$333/sqft
C$-- HOA
What's special
Quiet country livingNew fire-rated exterior doorsSome newer windowsHeated by electric baseboard
- 52 days |
- 9 |
- 0 |
Zillow last checked: 8 hours ago
Listing updated: October 27, 2025 at 09:55am
Listed by:
Andrew Odoardi, Salesperson,
EXP Realty Brokerage,
Nate Siry-Ramirez, Salesperson,
EXP REALTY
Source: ITSO,MLS®#: 40777751Originating MLS®#: Barrie & District Association of REALTORS® Inc.
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Baseboard
Cooling
- Other
Appliances
- Laundry: Common Area
Features
- Other
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 6,000
- Total interior livable area: 6,000 sqft
- Finished area above ground: 6,000
Property
Parking
- Total spaces: 12
- Parking features: Private Drive Double Wide
Features
- Frontage length: 298.04
Lot
- Dimensions: 298.04 x 0
- Features: Irregular Lot, Other
Details
- Parcel number: 281700109
- Zoning: RR-12H
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding
- Roof: Asphalt Shing
Condition
- Unknown
- New construction: No
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
Location
- Region: Otonabee South Monaghan
Financial & listing details
- Price per square foot: C$333/sqft
- Annual tax amount: C$6,813
- Date on market: 10/27/2025
- Inclusions: Other, Two Washers, Two Dryers, All Current (And Non Tenant Owned) Fridge & Stoves
- Exclusions: All Tenant Belongings
Andrew Odoardi, Salesperson
(866) 530-7737
By pressing Contact Agent, you agree that the real estate professional identified above may call/text you about your search, which may involve use of automated means and pre-recorded/artificial voices. You don't need to consent as a condition of buying any property, goods, or services. Message/data rates may apply. You also agree to our Terms of Use. Zillow does not endorse any real estate professionals. We may share information about your recent and future site activity with your agent to help them understand what you're looking for in a home.
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 10/27/2025 | Listed for sale | C$1,995,000C$333/sqft |
Source: ITSO #40777751 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.Climate risks
Neighborhood: K0L
Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.
- Loading
