148 Park Road, Bracebridge, ON P1L 1H9, Bracebridge, ON, P1L 1H9
MLS: X13054532 | Multiplex
$695,450
Property 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.
Quick Facts
- Property Type: Multiplex
- Style: 2-Storey
- Bedrooms: 5 (5 above)
- Bathrooms: 5
- Parking: 5.0 spaces
Costs
- Annual Taxes: $4,934.32 (2026)
Listing Provided by: RE/MAX Professionals North
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: Wall Unit(s)
- Basement: Finished, Full
Exterior & Construction
- Style: 2-Storey
- Roof: Metal
- Construction: Metal/Steel Siding
- Foundation: Concrete
- Sewer: Sewer
Lot & Land
- Pool: None
- Zoning: R2
Community & Neighbourhood
- Neighbourhood: Macaulay
Listing Information
Listing History
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148 Park Road, Bracebridge, ON P1L 1H9, Bracebridge, ON, P1L 1H9