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  • 247 Manitoba Avenue in Winnipeg: Multi-family for sale : MLS®# 202500051

    247 Manitoba Avenue Winnipeg R2W 2E8
    Main Photo: 247 Manitoba Avenue in Winnipeg: Multi-family for sale : MLS®# 202500051

    247 Manitoba Avenue Winnipeg R2W 2E8

    $519,900
    Multi-family
    Status:
    Active
    MLS® Num:
    202500051
    4A//Winnipeg/INVESTOR ALERT! Rare opportunity to secure a solid brick-built triplex with an impressive 9.2% CAP RATE and over $60,600 GROSS ANNUAL INCOME. Tenants pay all utilities, keeping expenses low and cash flow strong. Each 1,500 sq ft, 3-storey unit features 5 bedrooms, 2 bathrooms, a full basement, and fenced yard space highly desirable for large households and long-term tenancy. Recent updates include new shingles (2024) plus extensive renovations to Units 247 (2011) and 249 (2015). Unit 247 also includes a double detached garage and spray-foamed basement for added efficiency. Current rents: 247 Manitoba = $2,000, 249 Manitoba = $1,900 (currently vacant perfect for owner-occupy or select your own tenant), 251 Manitoba = $1,150, for a total of $5,050/month. Net operating income is $48,059 annually. Prime central location near transit, restaurants, parks, and the Red River trail system. A cash-flowing asset with excellent upside potential! ASK FOR PROFORMA (id:2493) More details
    Listed by Royal LePage Prime Real Estate
    LISTING DETAILS
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Data was last updated August 25, 2025 at 03:45 PM (UTC)
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