148 PARK ROAD
Bracebridge, Ontario
MLS® X13054532
$639,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13054532
- Bedrooms
- 5
- Bathrooms
- 5
- Year built
- —
1 / 35Listing description
Attention investors!!! Affectionally known as "The Barn", this property consists of 5 units (utility suites) and produces consistent and reliable income. A new steel roof and other exterior improvements were completed in the Fall of 2022.
The 4 units in the main building have been recently remodelled and have newer appliances. Unit 1: 1 bedroom, 1 bath, 711 square feet. Rent is $2000/month.
This unit has been completely renovated and updated with new kitchen, appliances, flooring, washroom (w/ heated floors), exterior doors, 200 AMP panel and gas furnace. This unit will be vacant upon closing. Unit 2: This unit was recently updated.
1 bedroom, 1 bath, 420 square feet. Heat: Gas space heater. The rent is $1250/month.
Unit 3: This unit was recently updated. 1 bedroom, 1 bath, 424 square feet. Heat: Gas space heater (2022).
Rent is $1300/month. Unit 4: This unit was recently updated. 1 bedroom, 1 bath, 401 square feet, Heat: Gas space heater.
Rent is $1150/month. Unit 5: Bachelor style suite with 2 piece bath, 229 square feet. Rent is $800/month.
This unit is a stand alone unit at #150 Park Road. A newer rental hot water heater (rental) services all the units with the exception of #150 Park Road which has its own hot water heater (owned). To service the tenants and to provide an additional revenue stream, the laundry room offers newer commercial MayTag coin-op washing machine and gas dryer.
Two newer sump pumps were added for excellent drainage. There is a large utility room which provides additional storage and there are 5 dedicated parking spaces as well. The owner pays for utilities.
Bring your vision to the upper level of the barn which offers 48' x 30' of loft style storage. With four of the five units renovated, this building produces strong income.
Property summary
- MLS® number
- X13054532
- Property type
- Multi-family
- Building type
- Other
- Land size
- 77.3 x 143.8 FT
- Annual property taxes
- $4,934.32
- Parking
- 5 spaces · No Garage
- Days on market
- 120 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Wall unit
- Basement
- Finished, Full
- Appliances
- Washer, Refrigerator, Stove, Dryer, Cooktop, Water Heater
- Exterior features
- Steel
What would this home cost you?
Based on the $639,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX Professionals North, BRACEBRIDGE.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.