3246 County Road 2 Road, Otonabee-South Monaghan, ON K0L 2G0
9
8
MLS®X14115942
Property Type
Residential Freehold
Sub Type
Multiplex
Heating
Radiant
Cooling
None
Lot Size
223 x 192 Feet
Approx Age
100+
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.