Live in one, rent the rest! Fully upgraded St. Boniface 4-plex generating strong income with room to raise rents! Strong financials, great CAP rate for the area! This fully rented building features four self-contained units, each with SEPARATE hydro meters. Unit 1 is approximately 2000 sq ft of living space and has been fully renovated down to the studs. AND, in 2022, the basement was developed to add a THIRD bedroom, a SECOND full bathroom, and a rec room. This unit has the potential rent of $2200. Unit 2 is a 2 bedroom, 1 bathroom rented for $950/month. Unit 3 is a 1 bedroom, 1 bathroom rented for $900/month. Unit 4 is a 2 bedroom, 1 bathroom rented for $1,100/month.
Significant upgrades under current ownership include windows (2016–2019), roof, electrical and plumbing (all PEX), insulation, transition to electric baseboard heating with separate utilities, and two new hot water tanks (2021). There are 4 parking stalls and 4 tenant storage areas included in the rent. Owner pays water. Always rented and located in a high-demand area. Pro forma available. Lots of documentation and receipts available!
- Built In 1914
- Depth 122.00 ft
- Frontage 50.00 ft
- Gross Taxes $5,548.07
- Property Type Commercial, Multi-Family for Sale
- Tax Year 24
- Units 4
- Amenities
- Window Air Conditioned
- Carpeting
- Fire Alarm
- Separately Metered Hydro
- Storage
- Window Coverings
- Parking Type
- Parking Pad
- Site Influences
- Shopping Centre