4L//Winnipeg/Offers due Mon, Mar 31st, to be left open for 3 days. SOLID, VERSATILE INVESTMENT OPPORTUNITY WITH MULTIPLE EXIT STRATEGIES. 11 brand-new townhouses (3 bed, 2.5 bath) on separate titles, sold as one block in Castlebury Meadows, one of Winnipeg s most desirable new neighbourhoods. Proven rental income with nearly identical units in an adjacent building renting for $2100/month and EXTREMELY LOW VACANCY. High appreciation and forced value-add potential, including finished basements that add up to $1000/month per unit (*not legal secondary suites*) and potential garage additions, adding up to $200/unit. CAP RATE STARTS AT approx 4.75% and VARIES BASED ON ADD-ONS, which can significantly increase property value and rental income. Highly flexible investment ideal for REITs or PARTNERSHIPS, offering multiple EXIT STRATEGIES. If a partner wants out, simply sell a unit and retain the rest, maintaining cash flow and equity growth. Long-term play perfect for BUY-AND-HOLD, or create a strategy where you sell them off 1 by 1.... Serious investors only. 3 month possession. Inquire for pro forma. (id:4069)
Address
199 Cheema Drive
List Price
$4,435,000
Property Type
Multi-family
Type of Dwelling
Multi-Family
Area
Manitoba
Sub-Area
Winnipeg
MLS® Number
202504729
Listing Brokerage
RE/MAX One Group
Postal Code
R3C2E6
