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In-PersonVirtual Tour
$ 1,499,900
Est. payment | /mo
12,716 SqFt
$ 1,499,900
Est. payment | /mo
12,716 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 12,716 sqft
Price per Sqft $117
Subdivision Macaulay
MLS® Listing ID X12144150
Source Niagara Association of REALTORS®
Property Description
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:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Other
Cooling Partially air conditioned
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by REVEL Realty Inc., Brokerage
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
1816 Crowchild Trail NW # 700, Calgary, T2M, 3Y7, Canada