$400,000
$400,000
For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 10/03/2025
Key Details
Sold Price $400,000
Property Type Commercial
Sub Type Sale Of Business
Listing Status Sold
Purchase Type For Sale
Subdivision Otonabee-South Monaghan
MLS Listing ID X12391736
Sold Date 10/03/25
Annual Tax Amount $792
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. Combined Area Approx 2 Acres. 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. Financials Available With An NDA. Property Must Be Sold Along With 970 HIGHWAY 7 MLS #X12391739
Location
Province ON
County Peterborough
Community Otonabee-South Monaghan
Area Peterborough
Zoning GC
Interior
Cooling No
Exterior
Parking Features Other
Building
Lot Description Lot
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "