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$ 1,700,000
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970 Highway 7 HWY Otonabee-south Monaghan, ON K9J 6X7
1 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $1,700,000
Subdivision Otonabee-South Monaghan
MLS Listing ID X12391739
Annual Tax Amount $15,822
Tax Year 2025
Property Sub-Type Sale Of Business
Property Description
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.
Location
Province ON
County Peterborough
Community Otonabee-South Monaghan
Area Peterborough
Interior
Cooling No
Exterior
Lot Frontage 237.0
Lot Depth 245.0
Listed by RE/MAX ESCARPMENT REALTY INC.
