For Sale · Retail

16 MANITOBA STREET, Bracebridge (Monck (Bracebridge))

16 MANITOBA STREET, Bracebridge (Monck (Bracebridge)), ON P1L1R9

$1.4M total

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Asset Class

Retail

Size

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Building class

A

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

90%

About this property

PRIME DOWNTOWN BRACEBRIDGE MIXED-USE INVESTMENT OPPORTUNITY - in the heart of Downtown Bracebridge, prominently located on Manitoba Street with excellent exposure and private on-site parking.This versatile property offers multiple potential income streams with two main-floor street-front retail spaces, a self-contained apartment, and a substantial upper-level office area. Both retail spaces benefit from direct Manitoba Street access and flexible layouts suitable for a variety of commercial uses, including retail, professional services, café or restaurant uses, subject to applicable approvals.The spacious upper level is currently configured as office space with private offices, work areas and a kitchenette. Its size and separate access offer exciting potential to explore conversion into multiple residential apartments, subject to zoning, building code and municipal approvals.An existing apartment provides additional residential income potential, while private rear parking, storage and service areas are valuable features rarely found with a downtown commercial property.Ideal for an investor, owner-occupier or developer looking for a well-positioned property with flexibility and future upside. Operate your own business while generating income from other spaces, maintain the existing mixed-use configuration, or explore additional residential development.A unique opportunity to own a substantial mixed-use property with retail frontage, office space, residential accommodation and private parking in Downtown Bracebridge.PLEASE DO NOT DISTURB TENANTS OR RETAIL BUSINESSES. All inquiries and showings must be arranged through the Listing Agent. Minimum 24 hours' notice required for all showings, with showings preferably scheduled after business hours. Please do not enter the retail stores to inquire about the property or approach tenants directly. Listing Agent must be present for all showings. Thank you for respecting the tenants, businesses and their customers. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.38M
Down payment30% · $413K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$75K

Annual cash flow

$-708

Cash-on-cash

-0.17%

DSCR

0.99

Going-in cap

5.49%

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

77,984

Households

33,592

Median income

$135,500

Median age

36

Daytime population

81,793

5-yr growth

4.8%

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

Secure deal room

Confidential diligence documents for 16 MANITOBA STREET, Bracebridge (Monck (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.