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$349,900

Est. payment - /mo

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5 Beds

2 Baths

894 SqFt

New

261 Young Street Winnipeg, MB R3C1Z1

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Shannon Bubalo

shannon@thebubalogroup.com +1(647) 981-7620

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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

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