50 Langside Street, Winnipeg, MB R3Z1Z3
50 Langside Street, Winnipeg, MB R3Z1Z3
50 Langside Street, Winnipeg, MB R3Z1Z3
22
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$374,900
Est. payment /mo
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4 Beds
3 Baths
1,384 SqFt
New

50 Langside Street Winnipeg, MB R3Z1Z3

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Arnold Loewen

Arnold Loewen

+1(204) 380-4048

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1384

Square Footage 1,384 sqft

Price per Sqft $270

Subdivision West Broadway

MLS® Listing ID 202616098

Bedrooms 4

Year Built 1904

Property Sub-Type Freehold

Property Description

5A//Winnipeg/Offers anytime | RUNNING A TRUE 7.5% CAP RATE!! Solid income-producing triplex in a quiet, treed, well-established neighbourhood close to the hospital, restaurants & coffee houses! This well-maintained, upgraded building offers a great mix of unit sizes for strong, stable cash flow. Suite 1 (main flr, 1 bdrm) also includes the bsmt w/legal 2nd bdrm (flex space office, music rm or rec rm), plus storage & in-suite laundry. Suite 2 is a bachelor unit & Suite 3 is a 1 bdrm; both share 2nd flr washer/dryer. Extensive upgrades incl. new roof ('24), furnace ('20), soffits, fascia & multiple wndws, front stairs & landscaping. New main plumbing line 25', Flooring 25', Furnace 20', Suite 1 had wood flrs refinished & full paint in '21; Suite 2 fully reno'd '17; back addition piled '15; back fence '15. Currently generating $3,726/mo in combined rent (Suite 1 $1,757, Suite 2 $1,076, Suite 3 $893) against $961.55/mo in expenses landlord pays utilities. Almost impossible to find a 1% rule property in Winnipeg now. This is your rare opportunity! Full proforma attached to listing. A turnkey investment opportunity with recent capital upgrades already done. Don't miss this one! (id:24570)

Location

Province MB

Rooms

Kitchen 0.0

Extra Room 1 Basement 11 ft , 8 in X 10 ft Bedroom

Extra Room 2 Main level 7 ft , 3 in X 8 ft , 8 in Bedroom

Extra Room 3 Main level 17 ft , 9 in X 13 ft , 8 in Living room/Dining room

Extra Room 4 Upper Level 10 ft , 9 in X 9 ft , 9 in Bedroom

Extra Room 5 Upper Level 12 ft X 10 ft Bedroom

Interior

Heating Forced air

Flooring Vinyl, Wood

Exterior

Parking Features No

View Y/N No

Attached Garage No

Garage No

Private Pool No

Building

Story 1.75

Sewer Municipal sewage system

Others

Ownership Freehold

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Listed by Real Broker Manitoba Ltd.
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Arnold Loewen

Arnold Loewen

Realtor

+1(204) 380-4048

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50 Langside Street