For Lease · Retail

M4 - 49 MANITOBA STREET, Bracebridge

M4 - 49 MANITOBA STREET, Bracebridge, ON P1L2B2

Price on request

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Asset Class

Retail

Size

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Building class

A

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

87%

About this property

Bring your business to the heart of downtown Bracebridge! Located within the iconic Clock Tower Centre, Unit M4 offers 248 sq. ft. of character filled commercial space in one of Muskoka's most recognizable downtown buildings.Featuring two bright windows facing Taylor Road, this unit offers excellent natural light and great visibility for business signage. A charming French door entry adds character, and the space is plumbed with a sink, providing flexibility for a variety of professional, creative, wellness and service-based uses.Positioned at a prominent downtown intersection, the Clock Tower Centre offers strong visibility, pedestrian traffic and year-round exposure. The building is home to an established mix of local entrepreneurs, professionals, creatives and service providers, creating a welcoming and vibrant business community.There is also an opportunity to grow within the Clock Tower Centre as additional space becomes available, allowing your business to expand while maintaining its established downtown Bracebridge address.$850 + HST/month on a 2-year lease. A 1-year lease may be considered at a premium. Street signage available. Active and responsive property management. Certain uses may be subject to additional TMI.An excellent opportunity to establish your business in the centre of downtown Bracebridge, with character, visibility and flexibility at an accessible monthly lease rate. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$72K

Annual cash flow

$-11K

Cash-on-cash

-2.40%

DSCR

0.87

Going-in cap

4.82%

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

107,002

Households

42,810

Median income

$83,500

Median age

44.5

Daytime population

101,910

5-yr growth

4%

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

Secure deal room

Confidential diligence documents for M4 - 49 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.