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REAR - 970 HIGHWAY 7 HIGHWAY, Otonabee-South Monaghan, Ontario

$400,000

Excellent Opportunity To Acquire A Well-Established Profitable Business On Busy Highway 7 (Trans-Canada Highway) Just East Of The City Of Peterborough. Family Owned For 40 Years. Selling At 8.7% CAP Rate Despite Being Underutilized And Remotely Managed In Recent Years. Huge Upside Potential, Below Market Rents With Room To Expand To Increase Revenue. 118 Units In Buildings, 39 Seacans With Potential To Add More Onto Parking Areas, 37 Parking Spaces, 6 Offices. (id:23309)

Listing ID: X12391736
Property Type: Business

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Details

Transaction: For sale
Zoning Description: GC

Building

Fireplace Present: False
Heating: Forced air
Heating Fuel: Natural gas

Land

Sewer: Septic System
Size Frontage: 113 ft
Size Irregular: 0.62
Size Total: 0.62 ac

Listing provided by RE/MAX ESCARPMENT REALTY INC.
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at REAR - 970 HIGHWAY 7 HIGHWAY in Otonabee-South Monaghan Ontario. It was last modified on September 9th, 2025. Contact the Bird House Real Estate Team to schedule a viewing or to discover other Otonabee-South Monaghan real estate for sale.

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