EXTENSIVELY RENOVATED IN E.K.

Multi-Family for Sale
Catylist Listing ID: 30247039
Property Subtypes: Low-Rise/Garden
Number of Units: 11 Units
Building Size (RSF): 8,337 SF
Gross Land Area: 9,258 SF
Sale Price: $1,890,000
Unit Price: $171,818.18 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 5.0%
Last Updated: 3/10/2020

Overview / Comments

THIS 11 SUITE APARTMENT BLOCK IS LOCATED IN A PRIME RESIDENTIAL AREA OF EAST KILDONAN. EXTENSIVE RENOVATION WAS JUST COMPLETED THIS FALL AND THE BUILDING IS CURRENTLY BEING LEASED UP. THERE ARE 8 TWO BEDROOM SUITES ON THE TOP 2 FLOORS AND 2 TWO BEDROOM AND 1 ONE BEDROOMS IN THE LOWER LEVEL. SO 10 OF THE 11 SUITES ARE 2 BEDROOM. RENOVATIONS TO THE BUILDING WERE EXTENSIVE AND EXCEEDED $60,000 PER SUITE. RENOVATIONS TO THE EXTERIOR INCLUDE STYROFOAM INSULATION ON TOP OF THE ORIGINAL BRICK COVERED WITH A DECORATIVE STUCCO FINISH. THE WINDOWS WERE REPLACED WITH DUAL PANE PVC.
INSIDE THE WIRING AND PLUMBING WERE COMPLETELY REPLACED, ELECTRIC BASEBOARD HEAT WAS PROVIDED THROUGHOUT THE BUILDING, AND INDIVIDUAL HOT WATER TANKS PROVIDED. THE HALLWAYS HAVE HAD ALL THE DOORS REPLACED, AS WELL AS THE FLOORING AND FRESHLY PAINTED.
THE SUITES HAVE COMPLETELY REDONE KITCHENS INCLUDING WOOD CABINETRY, GRANITE COUNTERTOPS, STAINLESS APPLIANCES, NEW FIXTURES AND FRESH FLOORING. THE BATHROOMS HAVE HAD A MAKEOVER AS WELL WITH TUBS, SHOWER WALL, FIXTURING, SINK AND CABINETRY.
EVERY SUITE HAS A NEW STACKER WASHER/DRYER, NEW BEDROOM AND CLOSET DOORS, TRIM, LIGHTING, FIXTURES, REDRYWALLED, AND FRESHLY PAINTED. THERE ARE 8 PARKING STALLS.
LOOK FOR MY SALES BROCHURE IN THE DOCUMENTS

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 3B
Tax ID/APN: 02060446000
Zoning: R2
Property Located Between: GATEWAY AND LONDON AT THE CORNER OF CONSOL ANDGRAY ST.
Property Condition: Excellent
Number of Stories: 2
Year Built: 1960
Year Renovated: 2018
Roof Type: Flat
Construction/Siding: Stucco
Parking Type: Surface
Total Parking Spaces: 8
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Baseboard, Wall Units
Fuel: Electric
Internet Access: Cable
Zoning Description: R2
Water Service: Municipal
Sewer Type: Municipal

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Contact

Photograph of Listing Agent

Bruce Harvey

RE/MAX professionals
CPIX® Member
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