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Home MB Greater Winnipeg Winnipeg William Whyte
572 Magnus Avenue
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572 Magnus Avenue $289,900
$289,900
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572 Magnus Avenue
Winnipeg, Manitoba R2W2C7

MLS® Number: 202400980
0
Bathrooms
-
Square Feet

Listing Description

4A//Winnipeg/Attention all potential investors! This opportunity won't last long, so act quickly. This legal 4-plex is a purpose-built bilevel from the 1970s, featuring all large 2-bedroom / 1-bathroom suites with a spacious living room and kitchen. The property is under professional management, ensuring a smooth and stress-free experience. The property features high-efficiency furnaces that were newly installed in 2017, along with hot water tanks. There is also a new fully fenced parking pad with a locking gate. The property was landscaped in 2020, and a new roof was installed in 2019. Additionally, the fire alarm panel was replaced in 2018.Most of the flooring and windows have been updated, and the kitchen has granite countertops. The location is highly convenient, with easy access to the bus route and proximity to a laundromat and food options, making it an attractive rental location. LED motion security lights provide added safety and security.This property meets the rule of 1%, with a cash flow $250 per door. (228835401)

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Title
Freehold
Land Size
3569 sqft
Built in
1972
Parking Type
Parking Pad, Surfaced
Time on REALTOR.ca
168 days

Building

Bathrooms
Total
0
Heating & Cooling
Heating Type
Forced air
Parking
Parking Type
Parking Pad, Surfaced

Land

Lot Features
Frontage
33 ft
Land Depth
108 ft
Data provided by: Winnipeg Regional Real Estate Board 1240 Portage Avenue, Winnipeg, Manitoba R3G 0T6

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