Our Agents' Listings
197 Kitson Street
Norwood
Winnipeg
R2H 0Z4
$529,900
Industrial / Commercial / Investment
- Status:
- Active
- Prop. Type:
- Industrial / Commercial / Investment
- MLS® Num:
- 202323715
- Build. Type:
- Tri-Plex
- Photos (30)
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After 30 years of ownership, introducing this TRIPLEX investment opportunity in the sought-after neighborhood of Norwood and featuring a 6.05% CAP RATE. Nestled on a prime 50ft lot and feat two 2-bed units and one 1-bed + den unit, catering to a variety of tenants. Independent hydro meters for each unit, the property offers convenience and easy management. Thoughtfully designed layout ensures comfortable living spaces for tenants, promoting long-term occupancy and profitability. Four outdoor parking stalls in the rear, supplemented by ample street parking out front. Convenient access to transportation, schools, and other nearby amenities. This is an exceptional opportunity for savvy investors seeking stable rental income and long-term growth potential. Don't miss out on the chance to own a valuable property in highly desirable Norwood. Act now to secure your foothold in the thriving real estate market. Contact us today to arrange a viewing and seize this lucrative investment opportunity before it's gone.
- 2B / Norwood
- Mapped Correctly
- For Sale:
- Yes
- For Lease:
- No
- Property Type:
- Industrial / Commercial / Investment
- Property Sub Type:
- Multi-Family for Sale
- Building type:
- Tri-Plex
- Age Description:
- Older
- Depth:
- 122'37.186 m
- Frontage:
- 50'15.24 m
- Heating:
- Forced Air
- Parking:
- Parking Pad
- Total Parking Spaces:
- 4
- Storeys:
- 3.0
- Construction:
- Wood Frame
- Fenced
- Gross Income:
- 43440.0
- Net Income:
- 32066.0
- Insurance expenses:
- 3135.0
- Total Expenses:
- 11374.0
- Title to Land:
- Freehold
- Number of Units:
- 3
- 1-Bedroom Units:
- 1
- 2-Bedroom Units:
- 2
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Larger map options:
Data was last updated September 25, 2023 at 08:36 AM (UTC)
- JÉRÉMIE NANTEL
- Royal LePage Prime Real Estate
- 204-989-7900
- Contact by Email
- JAYESH GULIANI
- Royal LePage Prime Real Estate
- 204-989-7900
- Contact by Email
The listing information is provided by Winnipeg Real Estate Board and is deemed
reliable but is not guaranteed to be accurate.