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:4069)
Address
75 MANITOBA STREET
List Price
$1,499,900
Property Type
Business
Area
Ontario
Sub-Area
Bracebridge (macaulay)
Floor Area
12,716 Sq. Ft.
Lot Size
Bldg=33 x 182 FT Sq. Ft.
MLS® Number
X12144150
Listing Brokerage
REVEL Realty Inc., Brokerage
Postal Code
P1L2B2
Zoning
Com 3
Site Influences
Highway, Public Transit
