2228 Indian River Line Peterborough, Ontario K0L 2B0
$1,995,000
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. (id:53590)
Property Details
| MLS® Number | 40777751 |
| Property Type | Multi-family |
| Parking Space Total | 12 |
Building
| Basement Type | None |
| Exterior Finish | Aluminum Siding |
| Heating Type | Baseboard Heaters |
| Stories Total | 1 |
| Size Interior | 6000 Sqft |
| Utility Water | Well |
Land
| Acreage | Yes |
| Sewer | Septic System |
| Size Frontage | 298 Ft |
| Size Total Text | 2 - 4.99 Acres |
| Zoning Description | Rr-12h |
https://www.realtor.ca/real-estate/29035571/2228-indian-river-line-peterborough
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October 27 2025 05:15:20
Barrie & District Association of REALTORS® Inc.
Exp Realty Brokerage, Exp Realty