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760 Wellington Avenue in Winnipeg: Industrial / Commercial / Investment for sale (5A) : MLS® # 1713626

760 Wellington Avenue Winnipeg R3E 0J3 :

Main Photo: 760 Wellington Avenue in Winnipeg: Industrial / Commercial / Investment for sale (5A)  : MLS® # 1713626
$590,000
Prop. Type:
Industrial / Commercial / Investment
MLS® Num:
1713626
Status:
Active
Build. Type:
Walk Up
THE PROPERTY CONSISTS OF A TWO STOREY WOOD FRAME APARTMENT BUILDING CONTAINING 4 ONE BEDROOM SUITES AND A ONE STOREY BUILDING WITH 1 ONE BEDROOM SUITE. THE BUILDING HAS RECENTLY UNDERGONE SUBSTANTIAL RENOVATION. AS PART OF THE RENOVATION THE INTERIORS WERE REMOVED AND REBUILT AND THE EXTERIOR WAS PAINTED. THE KITCHENS HAVE NEWER GOOD QUALITY CABINETS. PLUMBING LINES WERE UPGRADED. THE BATHROOMS WERE UPGRADED WITH NEWER SINKS, TOILETS, BATHTUB AND TUB SURROUND. FLOORING IN THE KITCHEN AND BATHROOM IS VINYL WITH LAMINATE IN THE LIVING ROOM. MODERN LIGHT FIXTURES WERE INSTALLED. EACH UNIT HAS IT'S OWN HOTWATER TANK AND THEIR IS A NEW FREE OF CHARGE WASHER AND DRYER IN THE BASEMENT. THERE IS ALSO THE POTENTIAL TO DEVELOP AN EXTRA SUITE IN THE BASEMENT.
5A / -
WELLINGTON AVE AT SIMCOE
For Sale:
Yes
For Lease:
No
Property Type:
Industrial / Commercial / Investment
Property Sub Type:
Apartment
Building type:
Walk Up
Depth:
Switch units of measure99'
Frontage:
Switch units of measure28'
Heating:
Electricity
Total Parking Spaces:
1
Contract Amended:
No
Construction:
Wood & Frame
Corner, Public Transportation
Appliances Included, Basement, Fire Alarm
Electricity, Paved Streets, Sewer - Storm, Street Lighting, City Water
Gross Income:
48000.0
Gross Op Income:
46560.0
Net Income:
32592.0
Total Expenses:
13968.0
Title to Land:
Freehold
Pro Forma:
Yes
Vacancy percent:
3
Vacancy loss:
1440.0
1-Bedroom Units:
5
Listing information last updated on 8-Jun-2017 9:05 PM
Bruce Harvey
RE/MAX Commercial
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