6 Unit Apartment Block

Multi-Family for Sale
Catylist Listing ID: 30646279
Property Subtypes: Mid-Rise
Number of Units: 6 Units
Building Size (RSF): 5,067 SF
Gross Building Area: See Agent
Gross Land Area: 4,997 SF
Sale Price: $949,500
Unit Price: $158,250 Per Unit
Property Use Type: Investment
Usable Size (USF): 853 SF
Sale Terms: Cash to Seller
Cap Rate: 5.0%
Last Updated: 9/3/2020

Overview / Comments

Well maintained building with ongoing improvements from 2012 to 2018 too numerous to list but available from L/A. Present owners for 16 yrs. 2 tenants have been residents for over 20 years. Close to Misericordia Hospital which has recently closed its onsite residency program creating high demand for accommodations in the area. Amenities include insuite laundry, balconies and open fireplaces on 2nd level, electric heat and tenants pay hydro. Building has been approved for condominiums but has not been implemented. All rentals are below allowed rental rates. 6-2BR apts.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 5B
Taxing Authority: City of Winnipeg
Tax ID/APN: 12090156000
Zoning: RMFM - RES-MULTI-FAMILY
Percent Occupied: 100%
Property Located Between: Located in Wolseley Area south of Broadway
Site Description: Landscaped site with electrified surface parking as well as street parking.
Area Description: Located in high demand Wolseley location close to Misericordia Hospital, shopping, restaurants and community facilities.
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 3
Year Built: 1982
Roof Type: Gable
Construction/Siding: Stucco
Exterior Description: Stucco exterior, windows replaced 2012.
Parking Ratio: 11 (per 1000 SF)
Parking Type: Surface
Parking Description: Electrified surface parking plus on street parking.
Total Parking Spaces: 6
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Baseboard
Fuel: Electric
Air Conditioning: Window Unit
Interior Description: 2 main floor units, 4 2 storey 2nd floor units with 2 balconies per unit and open fireplaces. All units approximately 853 sq. ft. per unit.
Zoning Description: Multi Family Residential
Lot Frontage: 49.95
Lot Depth: 100.1
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Land Ownership: owned
Legal Description: Part of Lot 37 Plan 34098 Parish 70/71 St. JA

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Contact

Photograph of Listing Agent

Len Westwood

Ethos Realty Inc.
CPIX® Member
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