779 Mulvey Avenue,Winnipeg, MB R3M1G4
Winnipeg, MB R3M1G4
Description
1B//Winnipeg/Some investors buy problems. Smart investors look for properties where the BIG-TICKET work has already been done! This fully tenanted triplex generates $48,204 in scheduled annual rent from TWO 3-bedroom suites and ONE 1-bedroom suite, with established tenants who consistently pay EARLY! The current owners haven't just collected rent they've INVESTED in the building! NEW ROOF (2025), high-efficiency furnace (2021), sewer replacement to the street (2022), TWO new hot water tanks (2026), refreshed stucco and parging, updated flooring and more! Annual fire safety and furnace servicing, two covered parking stalls and freshly landscaped, low-maintenance grounds add to the appeal. Current leases extend into 2027! Corner lot with intriguing garage redevelopment potential (subject to approvals). Projected NOI of $29,123 and an estimated 5.06% owner-managed cap rate (buyer to verify). THREE income streams. MAJOR improvements. ONE incredible opportunity! Don't just buy a building buy a head start!(pictures have the tenants belongings removed and staged) (id:13843)
Details
| MLS # | 202626325 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1911 |
| Days On Site | 18 |
| Listing Provided By | eXp Realty | Jennifer Plett |
Features
| Bath(s) | 3 Total |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Units | 3 |
| Acreage | 0.13 |
Interior
| Heating | Electric baseboard units, Forced air |
|---|---|
| Fireplace Yes / No | No |
Parking
| Parking Features | Detached Garage, Carport, Other, Rear |
|---|
Taxes
| Tax Annual Amount | 6028.05 |
|---|---|
| Tax Year | 2026 |
Area Information
| Province | MB |
|---|---|
| City | Winnipeg |
| Postal Code | R3M1G4 |
| Listing VS Median (in R3M1G4) | |
Price: $559,900 low | high Med: $0 On site: 18 low | high Med: | |
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Learn More About This Property
| Province | MB |
|---|---|
| City | Winnipeg |
| Postal Code | R3M1G4 |
| Listing VS Median (in R3M1G4) | |
Price: $559,900 low | high Med: $0 On site: 18 low | high Med: | |
