50 Langside Street, Winnipeg, Manitoba
$374,900
Description
5A//Winnipeg/Offers anytime | RUNNING A TRUE 7.5% CAP RATE!! Solid income-producing triplex in a quiet, treed, well-established neighbourhood close to the hospital, restaurants & coffee houses! This well-maintained, upgraded building offers a great mix of unit sizes for strong, stable cash flow. Suite 1 (main flr, 1 bdrm) also includes the bsmt w/legal 2nd bdrm (flex space office, music rm or rec rm), plus storage & in-suite laundry. Suite 2 is a bachelor unit & Suite 3 is a 1 bdrm; both share 2nd flr washer/dryer. Extensive upgrades incl. new roof ('24), furnace ('20), soffits, fascia & multiple wndws, front stairs & landscaping. New main plumbing line 25', Flooring 25', Furnace 20', Suite 1 had wood flrs refinished & full paint in '21; Suite 2 fully reno'd '17; back addition piled '15; back fence '15. Currently generating $3,726/mo in combined rent (Suite 1 $1,757, Suite 2 $1,076, Suite 3 $893) against $961.55/mo in expenses landlord pays utilities. Almost impossible to find a 1% rule property in Winnipeg now. This is your rare opportunity! Full proforma attached to listing. A turnkey investment opportunity with recent capital upgrades already done. Don't miss this one! (id:66359)
Location
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Listing courtesy of Addison Herosian, Real Broker Manitoba Ltd.