$695,450
148 PARK ROAD
Beds
5
Baths
5 full + 1 half
Sqft
—
Year
—
Type
Multi-family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Bracebridge (Macaulay). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
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:65958)
- Subtype
- Multi-family
- Structure
- Other
- Community
- Macaulay
- Lot dimensions
- 77.3 x 143.8 FT
- Bedrooms
- 5 above grade
- Parking
- 5 total
- Stories
- 2
- On market
- Apr 28, 2026
- Status changed
- Apr 28, 2026
- Annual tax
- $4,934.32
- Zoning
- R2
- Photos
- 34
- MLS#
- X13054532
- Area
- BRACEBRIDGE_(MACAULAY)
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Foundation
Cash on cash
-6.78%
Cap rate
3.51%
GRM
16.7
Break-even rent
$4,302
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 28, 2026.