• Price: $1,499,900

  • 75 MANITOBA STREET
    Bracebridge, ON P1L 2B2

  • MLS #: X12144150

Property Details

Attention savvy investors - welcome to 75 Manitoba Street, a professionally managed mixed-use property generating $93,974 in annual income and offering a rock-solid 4.3% cap rate at list price. This incredible asset features 5 income streams, including two commercial storefronts and three residential apartments, one of which is supported by a municipal housing subsidy. With $64,559 in net income and low operating overhead, this property offers consistent year-over-year returns and long-term upside. Commercial units have strong street exposure, while the residential units provide stable occupancy with below-market rent on Apt 2-creating a value-add opportunity for the next owner. Recent updates include professional repainting, fire safety upgrades, and ongoing maintenance. All major mechanicals serviced, and unit-by-unit income/expense details are available. If you're building a diversified, recession-resilient portfolio, look no further than 75 Manitoba Street! (id:7434) Details »

12716 Square Feet

Andrew Perrie

Team Owner | Sales Representative | Director of Recruitment Andrew Perrie
  • 1596 Four Mile Creek Rd
    Niagara-On-The-Lake, ON L0S 1J0
  • 905-380-6702
  • 905-380-6702

Biography

Andrew Perrie is the Team Leader of a top producing Niagara real estate team and is a director of recruitment for one of the fastest growing independent brokerages in Ontario, all while maintaining a strong personal referral business of roughly 85% agent to agent referrals in 2020. Andrew also runs a brokerage office with partners Evan and Jessie Macdonald in Niagara-On-The-Lake & A Muskoka with Mandie Charlton. Andrew is a director of recruitment for one of the fastest growing independent brokerages in Ontario Revel Realty, all while maintaining a strong personal referral business of roughly 85% agent to agent referrals in 2020.

The Fine Estates Team offers the real estate industry a dynamic communications approach to marketing, video marketing, and podcast promotion built upon ethical and integrity driven business principles. A visible social media presence, who is tirelessly promoting his real estate ventures online, Andrew offers Revel and his clients an avant-garde perspective on the future of real estate promotion in the Niagara Region. After establishing a team of like minded professionals under the brand name, The Fine Estates Team, Andrew infuses energy, personability, and a tireless work ethic into his business to evoke a premium level of market exposure for his listings, including specialized interests in luxury homes. A proud husband, and father of three, Andrew is a fierce competitor in negotiation circles, which compliments his creative, visual aptitudes, inclusive but not limited to marketing, branding, hockey, and time well spent at the family winery. With an educational background in sports and business development, Andrew has adapted his leadership capabilities into mentoring and head coaching positions at Revel, where he has created a sound network of client relationships inspired by referrals and reputation.

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Bracebridge, ON P1L 2B2

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By registering, you agree to our terms of use and that real estate professionals and lenders may call/text you about your inquiry, which may involve the use of automated means and prerecorded/artificial voices. You don't need to consent as a condition of buying any property, goods, or services. Message/data rates may apply.
75 MANITOBA STREET Bracebridge, ON P1L 2B2