3246 County Road 2 Road, Otonabee South Monaghan
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. (id:1945)
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Property details for 3246 County Road 2 Road, Otonabee South Monaghan
- Type
- Multi-family
- Bedrooms
- 9
- Bathrooms
- 8
- Lot Size
- 192 x 223 FT
- Stories
- 2
- Basement
- None
- Parking
- No Garage
- Heating
- Radiant heat, Natural gas
- Cooling
- None
- Exterior
- Brick
- Annual Taxes
- $7,765 (2025)
Nearby Listings Stat
Estimated price and comparable properties near 3246 County Road 2 Road
Active Listings
1
Min Price
$1,350,000
Max Price
$1,350,000
Avg Price
$1,350,000
Days on Market
0
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Neighbourhood Census Data
Otonabee-South Monaghan, Ontario
Population
466
Median Age
49.5
Median Income
$30,848
Dwelling Value
$275,033
Housing Tenure
Owners 87%
Renters 10%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.4
Pop. Density: 44.7/km²
Avg Shelter Cost: $1,199/mo
Owners with Mortgage: 73.1%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 0%
English only: 94.6%
English and French: 6.5%
Median Household Income: $72,704
Median Employment Income: $30,592
Price History
Listed
October 26, 2026
by ROYAL SERVICE REAL ESTATE INC.
Current Price
$1,350,000
Type
Multi-family
For Sale
