75 Manitoba ST new Save Request In-Person Tour Request Virtual Tour
Bracebridge,ON P1L 2B2
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 12,716 sqft
Price per Sqft $117
Subdivision Macaulay
MLS Listing ID X12144150
Annual Tax Amount $7,820
Tax Year 2024
Property Sub-Type Investment
Property Description
Attention savvy investors - welcome to 75 Manitoba Street, a professionally managed mixed-use property generating $93,974 in annual income and offering a rock-solid 4.3% cap rate at list price. This incredible asset features 5 income streams, including two commercial storefronts and three residential apartments, one of which is supported by a municipal housing subsidy. With $64,559 in net income and low operating overhead, this property offers consistent year-over-year returns and long-term upside. Commercial units have strong street exposure, while the residential units provide stable occupancy with below-market rent on Apt 2-creating a value-add opportunity for the next owner. Recent updates include professional repainting, fire safety upgrades, and ongoing maintenance. All major mechanicals serviced, and unit-by-unit income/expense details are available. If you're building a diversified, recession-resilient portfolio, look no further than 75 Manitoba Street!
Location
Province ON
County Muskoka
Community Macaulay
Area Muskoka
Rooms
Kitchen 0
Interior
Cooling Partial
Exterior
Community Features Major Highway,Public Transit
Utilities Available Yes
Lot Frontage 33.0
Lot Depth 182.0
Building
New Construction false