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Main Photo: 199 Cheema Drive in Winnipeg: Multi-family for sale : MLS®# 202504729
Photo 1: 199 Cheema Drive in Winnipeg: Multi-family for sale : MLS®# 202504729
Photo 2: 199 Cheema Drive in Winnipeg: Multi-family for sale : MLS®# 202504729
Photo 3: 199 Cheema Drive in Winnipeg: Multi-family for sale : MLS®# 202504729
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Photo 13: 199 Cheema Drive in Winnipeg: Multi-family for sale : MLS®# 202504729
Photo 14: 199 Cheema Drive in Winnipeg: Multi-family for sale : MLS®# 202504729
Status:
Active
Prop. Type:
Multi-family
MLS® Num:
202504729
4L//Winnipeg/Offers due Mon, Mar 31st, to be left open for 3 days. SOLID, VERSATILE INVESTMENT OPPORTUNITY WITH MULTIPLE EXIT STRATEGIES. 11 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. Proven 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. CAP 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. Long-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:2493)
Property Type:
Multi-family
Common Interest:
Freehold
Property Attached:
Yes
Structure Type:
Multi-Family
Bathrooms:
0.0
Fireplace:
No
# Storeys:
2.0
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Data was last updated March 27, 2025 at 09:45 PM (UTC)
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