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$ 1,999,000
Est. payment | /mo
12 Beds
12 Baths
$ 1,999,000
Est. payment | /mo
12 Beds
12 Baths
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Pending
Purchase Type For Sale
Approx. Sqft 5000 +
Subdivision Macaulay
MLS Listing ID X11957270
Style 2-Storey
Bedrooms 12
Annual Tax Amount $14,882
Tax Year 2024
Property Sub-Type Detached
Property Description
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
Location
Province ON
County Muskoka
Community Macaulay
Area Muskoka
Rooms
Basement Finished
Kitchen 12
Interior
Interior Features Ventilation System
Cooling None
Exterior
Parking Features None
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 12
Building
Foundation Concrete Block
Lited by HOMELIFE/ROMANO REALTY LTD.
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