Residential
Residential
75 Manitoba Street, Bracebridge, Ontario, P1L 2B2, Canada
CAD $1,499,900
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! (id:7434)
Highlights:
- Custom cabinetry
- Strong street exposure for commercial units
- Stable occupancy
Highlights:
- Custom cabinetry
- Strong street exposure for commercial units
- Stable occupancy
- Value-add opportunity
- Professional repainting
- Fire safety upgrades
