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99 Spencer Street Bracebridge, Ontario P1L 1C4

Fireplace None Forced Air

$1,289,900

Immaculately renovated and beautifully appointed with a uniquely functional and practical layout, this large in-town Bracebridge 4-plex exudes the kind of pride of ownership rarely found in a rental property. Fully tenanted with excellent income, and situated right in the heart of town within walking distance of downtown and the new library and arena. Central, yet tucked away on the corner of 2 quieter streets. The main floor presents an ideal owner's unit with vaulted ceilings, sound-dampening insulation, fireplace, and beautiful bathroom with nice finishes. Secondary main floor 2 bedroom 1.5 bath unit has its own deck. Upper unit is a 3 bedroom 1.5 bathroom with private balcony. Lower level 3 bedroom 1 bathroom unit has a walk-up to backyard and 2 living areas, one with fireplace. Ample parking. Zoned R4-19. Flat property with good sized yard. 4 separate hydro meters, upgraded 400 amp service with 4 x 100 amp panels. Gas furnace. On-site coin-operated laundry in communal area. Superb value for a savvy investor seeking a full-occupancy, turnkey rental operation in a fantastic location. Full municipal services including water, sewer, and gas. Lakeland fibre optic internet availability. Owned mechanicals. Integrated fire alarm system with wifi monitoring. Wifi-controlled thermostat. Walking distance to public transit. 7% cap rate. (id:8282)

Property Details

MLS® Number X13719946
Property Type Multi-family
Community Name Monck (Bracebridge)
AmenitiesNearBy Hospital, Park, Place Of Worship, Public Transit
Easement Easement, Other
Features Sloping, Flat Site, Level
ParkingSpaceTotal 6
Structure Deck

Building

BathroomTotal 6
BedroomsAboveGround 5
BedroomsBelowGround 3
BedroomsTotal 8
Age 51 To 99 Years
Amenities Fireplace(s), Separate Electricity Meters
Appliances Water Heater, Dishwasher, Dryer, Stove, Washer, Refrigerator
BasementDevelopment Partially Finished
BasementFeatures Apartment In Basement, Separate Entrance, Walk-up
BasementType N/a, Full, N/a, N/a, N/a (partially Finished)
ConstructionStatus Insulation Upgraded
CoolingType None
ExteriorFinish Vinyl Siding
FireProtection Smoke Detectors, Monitored Alarm
FireplacePresent Yes
FireplaceTotal 2
FoundationType Concrete
HalfBathTotal 2
HeatingFuel Natural Gas
HeatingType Forced Air
StoriesTotal 2
SizeInterior 3,500 - 5,000 Sqft
Type Fourplex
UtilityWater Municipal Water

Parking

No Garage
Shared

Land

AccessType Public Road, Year-round Access
Acreage No
FenceType Partially Fenced
LandAmenities Hospital, Park, Place Of Worship, Public Transit
Sewer Sanitary Sewer
SizeDepth 163 Ft
SizeFrontage 98 Ft
SizeIrregular 98 X 163 Ft
SizeTotalText 98 X 163 Ft|under 1/2 Acre
ZoningDescription R4-19

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