$1,700,000
$1,700,000
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1 SqFt
SOLD DATE : 10/03/2025
Key Details
Sold Price $1,700,000
Property Type Commercial
Sub Type Sale Of Business
Listing Status Sold
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $1,700,000
Subdivision Otonabee-South Monaghan
MLS Listing ID X12391739
Sold Date 10/03/25
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 That Requires Minimal Oversight. Family Owned For 40 Years. Combined Area Approx 2 Acres. Selling At 8.7% CAP Rate Despite Being Underutilized And Remotely Managed In Recent Years, Huge Upside Potential. 118 Units In Buildings, 39 Seacans With Potential To Add More Onto Parking Areas, 37 Parking Spaces, 6 Offices. Financials Available With An NDA. Property Must Be Sold Along With 970 HIGHWAY 7 (Rear) MLS #X12391736
Location
Province ON
County Peterborough
Community Otonabee-South Monaghan
Area Peterborough
Zoning GC
Interior
Cooling No
Exterior
Parking Features Outside/Surface
Building
Lot Description Lot
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