75 Manitoba Street, Bracebridge, ON P1L 2B2

Bracebridge P1L 2B2 Ontario

MLS: X12263331

$1,299,000

Added 29 days ago | For Sale

Listed by: REVEL Realty Inc., Brokerage

About Property

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.

Features

  • House Style:Store W Apt/Office
  • Bathrooms:
  • Land Size: 33 X 182.33
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:Taylor/Manitoba
  • Basement: ,
  • Possession Date:Flexible
  • Annual Property taxes: $7820
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Other
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12263331

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