Apartment Building for Sale

Multi-Family for Sale
Catylist Listing ID: 30853760
Number of Units: 11 Units
Building Size (RSF): 7,800 SF
Gross Building Area: See Agent
Gross Land Area: 18,750 SF
Sale Price: $1,349,000
Unit Price: $122,636.36 Per Unit
Property Use Type: Investment
Building Name: Town Square Apartments
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 9/15/2023

Overview / Comments

Showings will be made available on August 29th and 30th with offer deadline on September 6th at 3PM and response by Friday September 8th at 1PM. Excellent real estate investment located in a thriving and growing community in southern Manitoba. This is a rare opportunity to own a property that is in nice condition and includes 11 - 1 bedroom units that boasts a 0% vacancy rate in the last 5 years. Upgrades include windows in 2008, flooring in all units in the last few years as well as soffit/fascia and eavestroughs. All residents use a coin operated laundry at the south end of building and there is also a common room that has mailboxes inside. Each unit has direct access outside as well as interior hallway entrance. Each unit is approximately 610 sq ft and includes a small storage room for those extra items.


Finance Data Year 2023
Real Estate Taxes - Annual($) $8,380 (Annual)
Potential Rental Income $72,852 (Annual)

Additional Details

Nearest MSA: Winkler
Market: Winnipeg
Submarket/Township: R35
Tax ID/APN: 28000.000
Zoning: R3
Community Amenities: Community Building
Year Built: 1979
Construction/Siding: Wood Frame
Laundry: Laundromat Nearby
Heat Type: Electricity
Heat Source: Baseboard
Fuel: Electric
Air Conditioning: Window Unit
Internet Access: Fiber Optic
Lot Frontage: 150'
Lot Depth: 125'
Water Service: Municipal
Sewer Type: Municipal

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Photograph of Listing Agent

Dave Kasdorf Personal Real Estate Corporation

Choice Realty Ltd. CPIX® Member
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