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$ 1,499,900
Est. payment | /mo
12,716 SqFt
$ 1,499,900
Est. payment | /mo
12,716 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 12,716 sqft
Price per Sqft $117
Subdivision Macaulay
MLS Listing ID X12144150
Annual Tax Amount $7,820
Tax Year 2024
Property Sub-Type Investment
Property Description
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!
Location
Province ON
County Muskoka
Community Macaulay
Area Muskoka
Rooms
Kitchen 0
Interior
Cooling Partial
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Lot Frontage 33.0
Lot Depth 182.0
Building
New Construction false
Listed by REVEL Realty Inc., Brokerage
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN