3246 County Road 2 Road
Otonabee-South Monaghan, ON
- 8 bath
- 1 sqft
- Investment
5 residential units, 4 office spaces, and 2 retail spaces, offering a diverse mix of income-generating opportunities. All Commercial Spaces are currently vacant providing opportunities to set market rents, or reconfigure for into more strategic spaces. The property also includes an unused section of land measuring approximately 66' x 223' with multiple options as per C6 Zoning - view attachments for future development opportunities. The 5 rented apartments generate $91,740 in annual rental income, with the vacant office and retail spaces offering an estimated $43,200+ annually. Ample parking is available. Factor in the low-maintenance ownership, streamlined utilities, established rental income, low property taxes, and multiple value-add opportunities, and you have an exceptional investment property offering immediate income, potential for future growth, and development opportunities.
Listing Details
- Taxes (2026)
- $7,765
- Listed
- October 26, 2026
Price History
Listing history
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Property
- Lot Size
- 192 x 223 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- County Rd 2 & Heritage Line
- Zoning
- C6
- Parcel Number
- 281510289
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 2 To 5 Units
Included
- Inclusions
- 2 Hot Water Tanks, Iron Filter, Water Softener, All Appliances (5 Stoves, 5 Fridges, 3 Dishwashers, 4 Washers, 4 Dryers)
- Exclusions
- Tenant's Belongings, All Items in Storage Rooms
- Rental Items
- 3 Hot Water Tanks
Community
Postal area K0L
- Population
- 78,142
- Private dwellings
- 48,786
- Median age
- 54
- Average household size
- 2.3
- Median household income
- $79,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Otonabee-South Monaghan · last 12 months
- Median sold price
- $599,000
- Homes sold
- 94
- Median days on market
- 38
- Sale-to-list price
- 94.3%
Based on 94 recorded sales of commercial properties in Otonabee-South Monaghan over the last 12 months.
Listed by
Royal Service Real Estate Inc.
Walk Score
Walk
Scores by Walk Score®
Location
Street View
Commercial figures
- Annual property tax
- $7,765
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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