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:57919)
| MLS® Number | X12263331 |
| Property Type | Retail |
| Community Name | Macaulay |
| Amenities Near By | Highway, Public Transit |
| Cooling Type | Partially Air Conditioned |
| Heating Type | Other |
| Size Interior | 3,000 Sqft |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
| 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
Contact us for more information
Andrew Perrie
Salesperson
(289) 868-8869
(905) 352-1705
www.revelrealty.ca/
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