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.
This Multiplex located at 3246 County Road 2 Road, Otonabee-South Monaghan, ON K0L 2G0 is currently for sale and has been available at Kash Invest for 1 days. This property, in the city of Otonabee-South Monaghan and Otonabee-South Monaghan neighborhood, is listed at $1,350,000 with an estimated mortgage of $6,314* per month. It has an area of 192x223 sqft with 9 beds and 8 BR. Waterfront Communities C1, Weston and Bradford are nearby neighbourhoods.