148 PARK ROAD (X13054532)
$639,900
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, 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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Bracebridge
With a population of 17,000 this vibrant and beautiful community is centrally located within Muskoka. Situated on the Muskoka River and overlooking the famous Bracebridge Falls, (the most significant waterfall in Muskoka) the Historic Core of Downtown Bracebridge offers all the convenience of small town living with it’s gourmet shops, local eateries and outdoor parks. From arts and cultural experiences to endless outdoor adventures, a lively craft beer scene, and the friendliest of people; Bracebridge is a destination for all. The local community provides an attractive combination of economic opportunities, urban facilities and services, as well as a highly desirable and vibrant lifestyle. The Bracebridge Sportsplex and Memorial Arena offers a variety of recreation programs, fitness & aquafit classes, indoor track, weight room workouts, climbing wall, public swim, lap swim, public skating and more.
Bracebridge’s desirable location makes it the perfect starting point for entrepreneurs and business professionals who believe that it is possible to bridge success in business with fulfillment in life. If you’re looking to start, expand, or re-locate your business, you’ll love the view from “The Bridge”. During the spring and summer months, the lakes and rivers surrounding Bracebridge make it a perfect place to be, whether you’re into water sports, relaxing on the dock at the cottage, adventure travel or exploring the beauty of the region from one of the area’s many resorts. As the fastest growing winter tourism destination in the district, outdoor activities such as snowshoeing, skating at Memorial Park, cross-country skiing, ice fishing, snowmobiling and even “Snowga” are immensely popular in town. With 8 Waterfalls, 12 Boat launches, 10 Beaches, 43 + restaurants, 2 Cruise lines, 1 water slide, 21 parks and 1 bark park, whether you are here for a day, a week, or a month, there is always something to keep you engaged and entertained.