261 Young Street new Save Request In-Person Tour Request Virtual Tour
Winnipeg,MB R3C1Z1
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 894 sqft
Price per Sqft $391
Subdivision West Broadway
MLS Listing ID 202516988
Style Bi-level
Bedrooms 5
Year Built 1986
Property Sub-Type Freehold
Source Winnipeg Regional Real Estate Board
Property Description
5A//Winnipeg/SS Now. Offers ANYTIME!!! Investor alert! This 1980s-built bi-level duplex is a cash flow machine with solid construction and large basement windows offering a major upgrade from typical early 1900s homes in the area. The main unit features 3 bedrooms, 1 bath, and has been updated with new windows, flooring, paint, and bathroom, previously rented for $1,700/month (utilities included). The lower unit is a bright, renovated 2-bedroom, 1-bath suite that rented for $1,300/month (utilities included). Both units share a common space with coin-op laundry generating an additional $100/month. Average hydro is $239/month and water is $150/month. Parking for 3 vehicles, fully fenced yard, and a prime location near the University of Winnipeg make this an ideal student rental. Pro forma shows over a 7% cap rate, over $700/month in cash flow, and a 18.89% ROI with 20% down place your own tenants and set your own rents! All this located on a great mid block location with well kept homes and great neighbours!!! (id:24570)
Location
Province MB
Rooms
Kitchen 2.0
Extra Room 1 Basement 19 ft ,6 in X 9 ft ,6 in Laundry room
Extra Room 2 Basement 11 ft ,3 in X 17 ft ,11 in Kitchen
Extra Room 3 Basement 9 ft ,6 in X 11 ft ,11 in Living room
Extra Room 4 Basement 8 ft ,11 in X 11 ft ,9 in Bedroom
Extra Room 5 Basement 10 ft ,3 in X 9 ft ,6 in Bedroom
Extra Room 6 Main level 11 ft ,3 in X 15 ft ,6 in Living room
Interior
Heating Forced air
Flooring Wall-to-wall carpet,Vinyl,Vinyl Plank
Exterior
Parking Features No
Fence Fence
View Y/N No
Private Pool No
Building
Sewer Municipal sewage system
Architectural Style Bi-level
Others
Ownership Freehold
Virtual Tour https://youtu.be/N2Knn2kKCuk