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:41966)
| MLS® Number | X12144150 |
| Property Type | Business |
| Community Name | Macaulay |
| Amenities Near By | Highway, Public Transit |
| Cooling Type | Partially Air Conditioned |
| Fireplace Present | No |
| Heating Type | Other |
| Size Exterior | 12716 Sqft |
| Size Interior | 12716 Sqft |
| Utility Water | Municipal Water |
| Acreage | No |
| Land Amenities | Highway, Public Transit |
| Size Depth | 182 Ft |
| Size Frontage | 33 Ft |
| Size Irregular | Bldg=33 X 182 Ft |
| Size Total Text | Bldg=33 X 182 Ft |
| Zoning Description | Com 3 |
Your Mortgage Payment
Your total interest costs are:
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| Weekly Accelerated |
Contact me for more information
Emily worked so hard to sell our property and to find us the perfect home for our growing family. We are grateful to have found such a dedicated and pleasant agent to work with. She is so helpful and friendly and can easily become anyone’s friend. We’d recommend her to anyone!
Happy Customer
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