2228 Indian River Line, Otonabee-South Monaghan, Ontario K0L 2B0 is For Sale and has a listing price of 1,995,000. The property is located in the Otonabee-South Monaghan neighbourhood . It's been on the website for 7 Days.
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.
| List Date | MLS ID | List Price | Status | End Date | Closed Price |
|---|---|---|---|---|---|
| 10/27/2025 | X12483650 | $1,995,000 | For Sale | - | - |
