705-618-4663
705-566-5454
48
247 Manitoba Avenue
$519,900 Sale
Listed 2 hours ago
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Key Facts
Key facts for 247 Manitoba Avenue
Property Type
Apartment, Multi-Family
Parking
Garage: Yes, 0 parking
MLS #
202500051
Size
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Basement
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Listed on
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Lot size
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Tax
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Days on Market
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Year Built
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Maintenance Fee
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Description
4A//Winnipeg/INVESTOR ALERT! Rare opportunity to secure a solid brick-built triplex with an impressive 9.2% CAP RATE and over $60,600 GROSS ANNUAL INCOME. Tenants pay all utilities, keeping expenses low and cash flow strong. Each 1,500 sq ft, 3-storey unit features 5 bedrooms, 2 bathrooms, a full ba...sement, and fenced yard space highly desirable for large households and long-term tenancy. Recent updates include new shingles (2024) plus extensive renovations to Units 247 (2011) and 249 (2015). Unit 247 also includes a double detached garage and spray-foamed basement for added efficiency. Current rents: 247 Manitoba = $2,000, 249 Manitoba = $1,900 (currently vacant perfect for owner-occupy or select your own tenant), 251 Manitoba = $1,150, for a total of $5,050/month. Net operating income is $48,059 annually. Prime central location near transit, restaurants, parks, and the Red River trail system. A cash-flowing asset with excellent upside potential! (id:10452)
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Listing courtesy of: Royal LePage Prime Real Estate
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