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495 Washington Avenue
3A
Winnipeg
R2K 1L9
$724,900
Industrial / Commercial / Investment
- Status:
- Active
- Prop. Type:
- Industrial / Commercial / Investment
- MLS® Num:
- 202506944
- Photos (47)
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Showings Start Thurs Apr 10 // Please leave offers open for 24 Hours. Amazing income property in this 5-plex right on the corner of Watt St & Washington Ave. Public transportation right outside the door affords easy access to downtown and Regent shopping district. Fully rented with good, long term tenants, 4 of 5 units are fully renovated, with updated kitchens, bathrooms with acrylic tubs, vinyl plank and/or hardwood floors in living areas. All units are 2 bedroom. 4 plug-in parking spaces available. Coin-op laundry, 5 storage units, and bike storage in basement. Recent updates to building include new roof, R50 insulation in attic, windows, hot water tanks, and brand new solid front door. A turn-key operation with consistently stable revenue for years, this is your opportunity to add a fantastic and safe investment to your portfolio!
- 3A / -
- For Sale:
- Yes
- For Lease:
- No
- Property Type:
- Industrial / Commercial / Investment
- Property Sub Type:
- Multi-Family for Sale
- Year Built:
- 1961 (Age: 64)
- Age Description:
- Older
- Depth:
- 0'0 m
- Frontage:
- 0'0 m
- Heating:
- Electricity, Hot Water
- Parking:
- No Garage, Surface
- Covered Parking Spaces:
- 0
- Heated Parking Spaces:
- 0
- Number of Parkade Places:
- 0
- Total Parking Spaces:
- 4
- Paved Parking Spaces:
- 4
- Number of energized parking:
- 4
- Storeys:
- 2.0
- Number Garages:
- 0
- Security:
- 0
- Construction:
- Wood Frame
- Corner, Street Exposure, Fenced, High Traffic Location, Paved Lot, Public Transportation
- Appliances Included, Caretaker, Laundry Facility, No Pets Allowed, Property Manager, Separately Metered Hydro, Storage
- Fully Serviced
- Gross Income:
- 58119.0
- Gross Op Income:
- 58119.0
- Net Income:
- 40869.0
- Total Expenses:
- 17249.0
- Title to Land:
- Freehold
- Building Plans:
- 0
- Number of Buildings:
- 1
- Pro Forma:
- Yes
- Vacancy percent:
- 0
- Number of suites:
- 5
- Number of Units:
- 5
- 2-Bedroom Units:
- 5
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Listed by Royal LePage Prime Real Estate
Data was last updated April 26, 2025 at 02:35 AM (UTC)
- JAMIE MCCREEDY
- Royal LePage Prime Real Estate
- 204-989-7900
- Contact by Email
The enclosed information while deemed to be correct, is not guaranteed.