$1,375,000
Bracebridge
16 Manitoba Street, Bracebridge (Monck (Bracebridge)), Ontario, P1L1R9
This retail property in Bracebridge is for sale offering roughly 6,500 sq ft of space. It has been on the market 41 days, fresher than the Bracebridge average of 77 days.
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:66096)
Features and services as supplied by the listing brokerage.
Extended: 41 days on market, against an average age of 77 days across the listings currently for sale in this city
Homes here sell below asking price
Homes in this market sold for an average of 94.5 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This retail in Bracebridge (Monck (Bracebridge)) has been listed for 41 days, which is 36 days fresher than the city average of 77. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,375,000, about 16.0× the local median household income of $86,000.
Carrying it typically needs a household income of about $268,586 (20% down, 25-yr amortization, stress-tested) — roughly 212% above the area median.
Source: Statistics Canada, 2021 Census (FSA P1L)
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