75 Manitoba Street Bracebridge, Ontario P1L 2B2

$1,299,000

Introducing 75 Manitoba Street, a turnkey, professionally managed mixed-use investment delivering $90K+ in annual gross revenue and a 4.6% cap rate at list price. This versatile asset boasts five distinct income streams: two commercial units and three residential suites (including one municipally subsidized unit). After expenses, you'll enjoy over $64K in net operating income with exceptionally low overhead, providing steady, year-over-year returns and long-term appreciation. The retail spaces offer prime curb appeal and foot traffic, while the apartments maintain full occupancy with one unit currently rented below market rates, presenting an immediate value-add for the next owner. Recent improvements include fresh exterior painting, upgraded fire-safety systems, and mechanical servicing. Detailed, unit-by-unit financials are available upon request. For investors seeking a diversified, recession-resilient addition to their portfolio, 75 Manitoba Street is your premier opportunity. (id:61215)

Property Details

MLS® Number	X12263331
Property Type	Retail
Community Name	Macaulay
Amenities Near By	Highway, Public Transit

Building

Cooling Type	Partially Air Conditioned
Heating Type	Other
Size Interior	3,000 Ft2
Type	Residential Commercial Mix
Utility Water	Municipal Water

Land

Acreage	No
Land Amenities	Highway, Public Transit
Size Depth	182 Ft ,3 In
Size Frontage	33 Ft
Size Irregular	33 X 182.33 Ft
Size Total Text	33 X 182.33 Ft
Zoning Description	Com 3

https://www.realtor.ca/real-estate/28559872/75-manitoba-street-bracebridge-macaulay-macaulay