view of front of property featuring stairway and a metal roof Features: fence More Photos

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    For Sale - 148 Park Road, Bracebridge, Ontario

    Est payment $3,116/mo
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    Time on Jump  69 day

    AI Summary *

    • Investment opportunity with 5 rental units generating reliable income.
    • Recent renovations in four units with updated appliances and systems.
    • Stable rental income with diverse unit sizes and configurations.
    • Useful loft space available for additional storage or potential expansion.
    • Dedicated parking and commercial laundry facilities enhance tenant convenience.




    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, 420 square feet. Heat: gas space heater. The rent is $1250/month. Unit 3: this unit was recently updated. 1 bedroom, 424 square feet. Heat: gas space heater (2022). Rent is $1300/month. Unit 4: this unit was recently updated. 1 bedroom, 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.
    Listing IDX13054532
    Address148 Park Road
    CityBracebridge, Ontario
    Price$649,000
    Bed / Bath5 / 5 Full
    Style2-Storey, Multiplex
    ConstructionMetal/Steel Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features OtherAmenities School, Public TransitOwnership FreeholdBasement Finished, FullFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 5.00
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    Listing Agency:  RE/MAX Professionals North

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    148 Park Road
    Bracebridge , Ontario
    5 5 $649,000
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