75 Manitoba Street Bracebridge (Macaulay), Ontario P1L 2B2
$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:49187)
Property Details
| MLS® Number | X12144150 |
| Property Type | Business |
| Community Name | Macaulay |
| Amenities Near By | Highway, Public Transit |
Building
| Cooling Type | Partially Air Conditioned |
| Heating Type | Other |
| Size Exterior | 12716 Sqft |
| Size Interior | 12716 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Highway, Public Transit |
| Size Depth | 182 Ft |
| Size Frontage | 33 Ft |
| Size Irregular | Bldg=33 X 182 Ft |
| Size Total Text | Bldg=33 X 182 Ft |
| Zoning Description | Com 3 |
https://www.realtor.ca/real-estate/28302997/75-manitoba-street-bracebridge-macaulay-macaulay
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May 13 2025 03:37:26
Niagara Association of REALTORS®
Revel Realty Inc., Brokerage