Offers due Mon, Mar 31st, to be left open for 3 days. SOLID, VERSATILE INVESTMENT OPPORTUNITY WITH MULTIPLE EXIT STRATEGIES. \n\n11 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. \n\nProven 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. \n\nCAP RATE STARTS AT 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.\n\nLong-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 Dr
List Price
$4,435,000
Property Type
Multi-family
Area
Manitoba
Sub-Area
Winnipeg
Lot Size
29941 Sq. Ft.
Year Built
2025
MLS® Number
67dc195c4d55144a6339f05e
Listing Brokerage
RE/MAX One Group
Postal Code
R2R3B3
Zoning
RMF - S
