$489,900

$499,900For salePrice drop↓ $10,000 (2%)

3 Wellington Street, Bracebridge - Multi-family for Sale

3 Wellington Street, Bracebridge, Ontario, P1L1E8

5 beds3 baths4 parking1,300 ft²82 × 97 ft (7,913 sq ft) lot sizeListed 50 days ago

Overview

This multi-family property in Bracebridge is for sale offering roughly 1,300 sq ft of space. It has been on the market 50 days, fresher than the Bracebridge average of 93 days.

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Description

PRIME DOWNTOWN BRACEBRIDGE INVESTMENT | MULTI-UNIT POTENTIAL. Unlock exceptional potential at 3 Wellington Street! Situated in the vibrant heart of Bracebridge, this versatile two-unit property delivers immediate flexibility for savvy investors, multi-generational families, or buyers seeking an effective mortgage helper. Upper Residence: A bright and spacious 4-bedroom, 2-bathroom layout featuring generous living spaces designed for comfortable family living. Lower Residence: A fully self-contained 2-bedroom apartment with its own private side entry-ideal for generating steady rental income or providing separate quarters for extended family. Ready for your personal touches to make it reach its full potential, this is a rare chance to secure a flexible residential property in such a central location. Unbeatable walkability puts you steps from downtown shops, local dining, parks, and the Muskoka River. Whether launching your paddleboard, exploring nearby trails, or enjoying year-round recreation, the lifestyle appeal for future tenants or live-in owners is unmatched. A versatile income-generating asset with endless long-term upside! (id:66096)

Property Details

MLS®: X13796168
Property Type: Multi-family
Bedrooms: 5
Beds (above / below): 4 above · 1 below
Bathrooms: 3
Parking: 4
Interior Size: 1,300 ft²
Lot Size: 82 × 97 ft (7,913 sq ft)
Frontage: 82 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Separate entrance, Walk out, N/A, N/A
Heating: Radiant heat, Natural gas
Cooling: None
Garage: No Garage
Property Tax: $3,401.06/yr
Listed: 50 days ago

Rooms

Main level

Primary Bedroom: 3.51 x 3.43 meters
Bedroom 2: 3.49 x 2.74 meters
Bedroom 3: 2.43 x 2.43 meters
Bedroom 4: 2.71 x 3.42 meters
Kitchen: 4.45 x 3.44 meters
Dining room: 2.74 x 3.46 meters
Living room: 7.53 x 3.43 meters

Basement

Bedroom: 3.89 x 3.29 meters
Den: 5.51 x 3.24 meters
Kitchen: 4.02 x 5.3 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: All, Dryer, Two stoves, Two Washers, Two Refrigerators
Foundation: Block
Exterior: Vinyl siding
Lot Features: In-Law Suite

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

50d

Bracebridge listings, avg age

93d

Price / ft²

$377

List price

$490K

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.

Haho

This 5-bed multi-family in Bracebridge has been listed for 50 days, which is 43 days fresher than the city average of 93. Act while there is still low competition.

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Listed by Royal LePage Lakes Of Muskoka Realty · KIM DICKINSON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (P1L)

This home lists at $489,900, about 5.7× the local median household income of $86,000.

Carrying it typically needs a household income of about $95,695 (20% down, 25-yr amortization, stress-tested) — roughly 11% above the area median.

Median household income: $86,000
Population: 17,984
Median age: 51.2
Owner / renter: 80% / 20%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA P1L)

$489,900· $377/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,495

Min 5%50%

Mortgage payment$2,580/mo

↳ CMHC premium ($18,616 capitalized)

Property tax (est.)$283/mo

Total monthly$2,864

Cash Needed to Close

Down payment (5%)$24,495

Land transfer tax$6,273

Est. closing costs$3,970

Total cash needed$34,738

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

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