Attention investors!!! Affectionally known as "The Barn", this property consists of 5 units (utility suites) and produces consistent and reliable income. A new steel roof and other exterior improvements were completed in the Fall of 2022. The 4 units in the main building have been recently remodelled and have newer appliances. Unit 1: 1 bedroom, 1 bath, 711 square feet. Rent is $2000/month. This unit has been completely renovated and updated with new kitchen, appliances, flooring, washroom (w/ heated floors), exterior doors, 200 AMP panel and gas furnace. This unit will be vacant upon closing. Unit 2: This unit was recently updated. 1 bedroom, 1 bath, 420 square feet. Heat: Gas space heater. The rent is $1250/month. Unit 3: This unit was recently updated. 1 bedroom, 1 bath, 424 square feet. Heat: Gas space heater (2022). Rent is $1300/month. Unit 4: This unit was recently updated. 1 bedroom, 1 bath, 401 square feet, Heat: Gas space heater. Rent is $1150/month. Unit 5: Bachelor style suite with 2 piece bath, 229 square feet. Rent is $800/month. This unit is a stand alone unit at #150 Park Road. A newer rental hot water heater (rental) services all the units with the exception of #150 Park Road which has its own hot water heater (owned). To service the tenants and to provide an additional revenue stream, the laundry room offers newer commercial MayTag coin-op washing machine and gas dryer. Two newer sump pumps were added for excellent drainage. There is a large utility room which provides additional storage and there are 5 dedicated parking spaces as well. The owner pays for utilities. Bring your vision to the upper level of the barn which offers 48' x 30' of loft style storage. With four of the five units renovated, this building produces strong income. (id:4069)
Address
148 PARK ROAD
List Price
$639,900
Property Type
Multi-family
Type of Dwelling
Other
Transaction Type
Sale
Area
Ontario
Sub-Area
Bracebridge
Bedrooms
5
Bathrooms
5
Half Bathrooms
1
Floor Area
1100 - 1500 Sq. Ft.
Lot Size
77.3 x 143.8 FT Sq. Ft.
Lot Depth
143 ft ,9 in
Frontage Length
77 ft ,3 in
MLS® Number
X13054532
Listing Brokerage
RE/MAX Professionals North
Basement Area
Full (Finished)
Postal Code
P1L1H9
Zoning
R2
Parking Places (Total)
5
Site Influences
Schools, Public Transit
Appliances
Cooktop, Dryer, Water Heater, Stove, Washer, Refrigerator
Heat Source
Natural gas
Heat Type
Forced air
Cooling Features
Wall unit
Foundation Details
Concrete
Other Structures
Shed
Number Of Floors In Building
2
Water Source
Municipal water
Sewer
Sanitary sewer
