Multi-Family in the Town of Pinawa

Multi-Family for Sale
Catylist Listing ID: 30645841
Property Subtypes: Mid-Rise
Number of Units: 17 Units
Building Size (RSF): 18,325 SF
Gross Building Area: See Agent
Gross Land Area: 1.17 Acres
Sale Price: $1,775,000
Unit Price: $104,411.76 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/1/2020

Overview / Comments

17 suites fully occupied (11 - 2 bedroom and 6 - 1 bedroom)
Spacious, bright and well maintained suites
Each suite has a storage locker
Large paved parking lot
Rent includes: parking, hydro, heat and water
New windows (with window A/C) and interior doors in 2011
Roof replaced in 2014 from a flat tar & gravel to 5/12 pitch roof and asphalt shingles
Brick finish received maintenance and repointing in 2016
Front sidewalk replaced in 2016
Since 2011, 5 kitchens and 8 bathrooms were entirely renovated
Coin operated laundry equipment recently replaced
Fire alarm panel in 2019 including heat detectors in each suite and the attic, as well as smoke detectors in hallways
Crawl space drainage improved in 2017 with 2 new sump pumps and concrete tiles replaced with socked plastic drain tiles
All rents registered with RTB
Low rents so there is the ability to rehabilitate suites to raise the income
Tranquil setting in the town of Pinawa and neighbouring the Whiteshell Provincial Park
Historically 100% Leased

Across from the shopping mall on Pinawa. Peaceful setting with the Winnipeg River nearby. Pinawa has all the following amenities to offer: hospital, grocery store, and a championship golf course.

Attachments & Media

Additional Details

Market: Winnipeg
Submarket/Township: R29
Tax ID/APN: 10000.000
Zoning: RMFS

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Contact

Photograph of Listing Agent

Mark Thiessen

RE/MAX professionals
CPIX® Member
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