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:2493)
Property Type:
Multi-family
Living Area (Min):
5,000 sq. ft.465 m2
Living Area (Max):
2.3 acre(s)0.93 hectare(s)
Zoning:
C6
Taxes:
$7,765 /
2025
Community:
Otonabee-South Monaghan
Exterior Features:
Brick
Structure Type:
Other
Appliances Included:
All, Washer, Refrigerator, Water softener, Dishwasher, Stove, Dryer, Water Heater
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