Townhouse Block Investment Property

Multi-Family for Sale
Catylist Listing ID: 30351335
Property Subtypes: Low-Rise/Garden
Number of Units: 7 Units
Building Size (RSF): 5,950 SF
Gross Building Area: See Agent
Gross Land Area: 5,727 SF
Sale Price: $1,625,000
Unit Price: $232,142.86 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/19/2019

Overview / Comments

7 Unit Townhouse Block for sale minutes from downtown at the corner of Sara and Maryland. Each townhouse has 3 bedrooms (2 up, 1 basement) and 2 bathrooms (1 up, 1 basement), and are separately metered for hydro, gas, and water.

Extensive renovations were completed in 2013 including -
* 6 new appliances in each unit (washer/dryer, dishwasher, over the stove microwave, fridge, stove)
* hardwood floors throughout the main level, and carpeting in the basement and 2nd floor areas
* front patios for each unit
* higher end kitchen cabinets and counter tops
* all new windows installed including large kitchen windows and large 2nd floor back bedroom windows in the middle 5 units
* each townhouse has separate newer air conditioning systems
* MTS Fibre and Shaw High Speed cabling with fibre connections installed in each suite
* Exterior security cameras with digital video recording and remote monitoring
* 120V wired smoke/heat/carbon monoxide detector system installed
* Basements were installed with raised delta floors for winter comfort and vapor barrier up to grade against all exterior basement walls
* All foundation walls waterproofed from the exterior
* Seamless Bathfitter tub surrounds were installed in the 2nd floor bathrooms, and large high-end shower stalls and Bathfitter seamless surrounds installed in the basement bathrooms
* Wrought iron railings installed in the 2nd floor stairwells

All units are above rental controls with average rents of $1,530 per month.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 5B
Tax ID/APN: 12090395000
Zoning: RMF-M
Property Condition: Excellent
Number of Stories: 2
Year Renovated: 2013
Laundry: In Each Unit
Zoning Description: RMF-M
Water Service: Municipal
Sewer Type: Municipal

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Photograph of Listing Agent

Mark Thiessen

RE/MAX professionals
CPIX® Member
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