Park Road

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Listing Description

Conveniently located in the heart of Bracebridge, this well-maintained duplex presents an excellent opportunity for investors, first-time buyers, or those looking to offset their mortgage with rental income. The property features two spacious 1-bedroom units, each offering a 4-piece bathroom, comfortable living area, functional kitchen, and access to a level backyard. One of the units has been extensively updated with fresh interior paint, new storm doors, new flooring, updated bathroom, new appliances, new front decks, new + improved back decking for outdoor enjoyment along with Bell Fibre Optic. This unit is currently owner-occupied and will be provided vacant upon possession, allowing a new owner to move in or establish their own market rent. The second unit also features an updated bathroom and is currently tenanted, providing immediate rental income. Fresh Exterior paint, new windows, new updated large separate parking space for 3 vehicles or an RV and one vehicle. Each unit has Separate hydro, gas and water & sewer meters. Adding further potential, the property may offer the possibility of creating a third accessory unit, subject to municipal approvals, providing an opportunity to increase future income and overall property value. Economical to operate with natural gas heating, municipal water and sewer, this property is situated in a highly desirable Bracebridge rental market where quality 1-bedroom units continue to command strong rental rates. This is a great opportunity to invest in the heart of Muskoka-an area benefiting from continued population growth, strong tourism and consistent demand for quality rental accommodations. An ideal combination of location, income potential, and future upside.