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 dev...elopment 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.
Full Property Details
Interior
Bedrooms
9
Total Bedrooms
9
Washrooms
8
Square Footage
5000 + sqft
Basement
None
Heating Source
Gas
Heating Fuel
Radiant
Air Conditioning
None
Family Room
Yes
Kitchens
5
Total Kitchens
5
Fireplace Features
No
Bedrooms
9
Total Bedrooms
9
Washrooms
8
Square Footage
5000 + sqft
Basement
None
Heating Source
Gas
Heating Fuel
Radiant
Air Conditioning
None
Family Room
Yes
Kitchens
5
Total Kitchens
5
Fireplace Features
No
Exterior
Depth
223.0
Front
192.0
Acreage
.50-1.99
Driveway
Private Triple,Private
Lot Size
192 x 223.0 ft
Pool
None
Parking Spaces
12
Total Parking Spaces
12.00
Parking Description
None
Garage Spaces
0
Zoning
C6
Depth
223.0
Front
192.0
Acreage
.50-1.99
Driveway
Private Triple,Private
Lot Size
192 x 223.0 ft
Pool
None
Parking Spaces
12
Total Parking Spaces
12.00
Parking Description
None
Garage Spaces
0
Zoning
C6
Building Description
Style
2-Storey
Home Type
Apartment
Subtype
Multiplex
Year Built
100+
Property Orientation
North
Exterior Finish
Brick
Sewers
Septic
Water Supply
Well
Possession Date
No Data
Style
2-Storey
Home Type
Apartment
Subtype
Multiplex
Year Built
100+
Property Orientation
North
Exterior Finish
Brick
Sewers
Septic
Water Supply
Well
Possession Date
No Data
Community
Community
Otonabee-South Monaghan
Community
Otonabee-South Monaghan
Taxes & Fees
Taxes
$7,765 /yr
Tax Year
2026
Occupancy
Tenant
Taxes
$7,765 /yr
Tax Year
2026
Occupancy
Tenant
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