615 Sherbrook St

Multi-Family for Sale
Catylist Listing ID: 30443297
Property Subtypes: Mid-Rise
Number of Units: 24 Units
Building Size (RSF): 24,000 SF
Gross Building Area: See Agent
Gross Land Area: 9,912 SF
Sale Price: $2,460,000
Unit Price: $102,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 5.5%
Last Updated: 7/18/2019

Overview / Comments

True 5.50% cap with net annual revenues over $134K. 24 unit apartment block (all 1 br's) located at 615 Sherbrook St in Winnipeg, MB. This property shows very well and comes with extensive parking. Renovations were done in 2012/213 and include the following:
- new roof
- new plumbing throughout
- separately metered: hydro, water
- new electrical service and new wiring throughout; including 100A panels in each suite.
- new finishes in all the suites.
- new windows and doors.

Registered rents as high as $800/mo. Minutes from U of W and Health Science Centre.
Please allow 48 hrs notice for access. All showings to conducted during business hrs Monday to Friday.

Attachments & Media

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 5A
Zoning: RMFM
Community Amenities: Restaurant(s), Play Ground, On-Site Maintenance
Property Condition: Excellent
Year Renovated: 2012
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Total Parking Spaces: 10
Heat Source: Baseboard
Fuel: Electric
Water Service: Municipal
Sewer Type: Municipal

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Photograph of Listing Agent

Cliff Dyck

Coldwell Banker Preferred R. E.
CPIX® Member
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