Address
235 Andrews ST Winnipeg, MB
Price
$ 849,900
Property Attributes
  • ID#202106447
  • TypeCommercial
  • CityWinnipeg
  • NeighbourhoodWilliam Whyte
  • Postal CodeR2W 4T2
  • StyleApartment
  • Price$ 849,900
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
  • Lot Size6,536 SqFt
Listing Provided Courtesy Of:
ROYCE FINLEY with Royal LePage Prime Real Estate
Data Source:
RLP - CREA EN
Property Description

MULTIFAMILY ALERT! The power of real estate is an amazing thing. This character church apartment conversion is a thing of beauty in the making. 8 fully separated suites are expected to generate a 6% CAP right out of the gates. Check out the proforma for more information. With this project currently under construction, the seller is open to offers for the fully finished product. With this property you will have your investment yielding returns in three different ways. First, the mortgage pay down (paid by your tenants); second, building appreciation and third your monthly cash flow. The beautiful thing about real estate is when you maintain your asset the yields get better and better year after year. Maybe you are new to investing or maybe you are looking for your next money making opportunity; either way this would be a remarkable addition to your portfolio. Call today for more information.

Exterior Features

Lot Frontage 66
Lot Size 6536
Jumpid 14664641

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in R2W 4T2

Price
AVG $850K
$850K
Visits
AVG 180
179
Walkscore
AVG 58
58
Data Provided by Walkscore ® not using MLS data