421 Marion Street

Multi-Family for Sale
Catylist Listing ID: 30612970
Property Subtypes: Mid-Rise
Number of Units: 6 Units
Building Size (RSF): 4,500 SF
Gross Building Area: See Agent
Gross Land Area: 6,079 SF
Sale Price: $1,300,000
Unit Price: $216,666.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 99
Last Updated: 10/30/2020

Overview / Comments

Extremely HIGH DEMAND 6 suite apartment building in Central St Boniface. The building was extensively remodeled approx. 7 years ago. All suites are open and bright offering a contemporary layout with high quality kitchens, granite countertops and 3 stainless steel appliances in each suite. Updated bathrooms with ceramic floor tiles and granite countertops. Very large bedrooms that easily accommodate a king size bed with his and her closets.
Improvements and upgrades include refinished soffits, facia and eavestroughs, dual pain PVC windows, 400 amp service, conversion to electric baseboard heat. All hydro costs metered back to the tenants. Rapid recovery 1110 gallon hot water tank. On site washer and dryer+++
Overall condition of the property is excellent. Less than 1% vacancy rate.
Vacant land next to the apartment is also available for $249,900 please inquire.

Attachments & Media

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 2A
Tax ID/APN: 06081327000
Zoning: R2
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 3
Year Built: 1948
Year Renovated: 2013
Roof Type: Flat
Construction/Siding: Stucco, Wood Frame
Parking Type: Surface
Parking Description: surface parking at rear of building
Total Parking Spaces: 6
Laundry: Shared
Heat Type: Electricity
Heat Source: Baseboard
Fuel: Electric
Air Conditioning: Window Unit
Zoning Description: R2
Lot Frontage: 53
Lot Depth: 113
Water Service: Municipal
Sewer Type: Municipal

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Photograph of Listing Agent

Tom Blumberg

Monopoly Realty
CPIX® Member
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