This 12-unit multiplex in Bracebridge, ON, presents a prime investment opportunity with a desirable unit mix: one studio, five one-bedroom apartments, and six two-bedroom apartments. Built in the early 1970s and well-maintained with a 10-year-old roof, the property features all-inclusive leases, ensuring steady rental income with minimal management. Residents benefit from on-site coin laundry, visitor parking, and an extra vehicle fee for additional revenue. The building is equipped with a 60G hot water tank, two boilers, and cleaned air handlers for efficiency. Conveniently located near downtown Bracebridge and the Muskoka River, the property offers tenants easy access to local amenities while being positioned for future appreciation, with a proposed townhouse development next door. Additionally, there is potential to expand with additional units, further enhancing long-term value (id:47421)
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Detailed Information
Bedrooms
12
Bathrooms
12
Lot
77.58 x 307.58 ft
Listing Contract Date
2025-02-05
Location Description
North of Taylor St/West of Pine St.
Ownership Type
Freehold
# of Parking Spaces
12
Property Type
Single Family
Transaction Type
For sale
Building
Basement Development
Finished
Basement Type
N/A (Finished)
Construction Style (Attachment)
Detached
Cooling Type
Ventilation system
Exterior Finish
Brick
Foundation Type
Block
Heating Fuel
Natural gas
Heating Type
Radiant heat
Stories Total
2
Type
House
Utility Water
Municipal water
Land
Total Size
77.6 x 307.6 FT
Sewer
Sanitary sewer
Size of Irregular Land
77.6 x 307.6 FT
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