1 - 43 MANITOBA STREET, Bracebridge1 - 43 MANITOBA STREET, Bracebridge — photo 21 - 43 MANITOBA STREET, Bracebridge — photo 31 - 43 MANITOBA STREET, Bracebridge — photo 41 - 43 MANITOBA STREET, Bracebridge — photo 51 - 43 MANITOBA STREET, Bracebridge — photo 61 - 43 MANITOBA STREET, Bracebridge — photo 71 - 43 MANITOBA STREET, Bracebridge — photo 81 - 43 MANITOBA STREET, Bracebridge — photo 91 - 43 MANITOBA STREET, Bracebridge — photo 101 - 43 MANITOBA STREET, Bracebridge — photo 111 - 43 MANITOBA STREET, Bracebridge — photo 121 - 43 MANITOBA STREET, Bracebridge — photo 131 - 43 MANITOBA STREET, Bracebridge — photo 141 - 43 MANITOBA STREET, Bracebridge — photo 151 - 43 MANITOBA STREET, Bracebridge — photo 161 - 43 MANITOBA STREET, Bracebridge — photo 17
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For Sale · Multifamily

1 - 43 MANITOBA STREET, Bracebridge

1 - 43 MANITOBA STREET, Bracebridge, ON P1L2A9

Price on request

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Asset Class

Multifamily

Size

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Building class

C

Zoning

RA9 — High Rise

$ / SF

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Occupancy

99%

About this property

DOWNTOWN BRACEBRIDGE - with festivals and events at your doorstep! Enjoy living above the shops on Manitoba Street. This executive 2 bedroom apartment is ideally located in the heart of Bracebridge, with views of the Muskoka River from the bedrooms. Offering a desirable combination of location, convenience and recent updates, this apartment is perfect for AAA+ tenants looking to enjoy all the area has to offer. Both bedrooms feature a closet and large window. Plus additional storage with two more large storage rooms within the apartment, and 2 closets in the front hallway. Recent improvements completed in 2024 include a renovated 4-piece bathroom, new refrigerator, new stove and new hot water tank. No carpet either! Additional features include two exclusive-use parking spaces and shared coin-operated laundry conveniently located within the building. Main entrance is accessed at 43 Manitoba St. Enjoy being among downtown shops, restaurants, cafés and local amenities, with the charm and convenience of downtown Bracebridge right outside your door. Rent is $2,100 plus 100% hydro in tenant's name. Prospective tenants must submit a completed rental application prior to scheduling a viewing. Excellent credit, AAA+ credit standing, verifiable income and strong rental references required. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$88K

Annual cash flow

$5K

Cash-on-cash

1.03%

DSCR

1.06

Going-in cap

5.85%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

54,161

Households

20,099

Median income

$137,000

Median age

38.5

Daytime population

56,638

5-yr growth

1.5%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 1 - 43 MANITOBA STREET, Bracebridge.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.