Bracebridge (Macaulay)

148 PARK ROAD (X13054532)

$695,450

About the Property

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. (id:46976)

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Property

Address: 148 PARK ROAD

City: Bracebridge (Macaulay), Ontario, Canada

Style: N/A

Exterior: N/A

MLS® number: X13054532

Utilities

Cooling: Wall unit

Heat source: Natural gas

Heat type: Forced air

Sewers: Sanitary sewer

Building

Bedrooms: 5

Bathrooms: 5

Size: 1100 - 1500 sqft

Garage: No

Built in: N/A

Land

Waterbody: N/A

Waterfront: No

Lot Size: N/A

View: N/A

Frontage: 77 ft ,3 in

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Ashley Jeffery
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