RE/MAX Associates
1060 McPhillips Street, Winnipeg, MB, R2X 2K9
THIS SOLID BUILDING BTWEEN BANNATYLE & ISABEL ST. MAIN FLOOR OPEN SPACE UNIT IS A BEAUTY SALON THAT CAN BE RENTED OUT FOR $1,500/MO. FRONT UNIT IS AN OFFICE SPACE WITH THE RENT OF $1,250/MO. THE 4BR LARGE UNIT ON 2ND FLOOR USE TO RENTED OUT FOR $1,600/MO. NOW IS VACANT & ITS READY TO RENT OUT AT ANY TIME. IF FULLY OCCUPIED THEN THE TOTAL RENT INCOME WILL BE $4,350/MO PLUS YOU WILL BE GETTING MORE EACH YEAR OF 4% RENT INCREASED BY LAW FOR MANY YEARS AHEAD. BASE ON THIS ASKING PRICE THEN YOU STILL GET 6-7% BACK OF YOUR INVESTMENT RETURN. THIS IS A POSITIVE # OF YOUR MONEY WELL SPENT.
MANY IMPROVEMENTS HAS BEEN DONE ALONG THE YEAR. PERFECT PLACE FOR ANY SMALL BUSINESSES IN HIGH TRAFIC LOCATION. A MUST TO SEE THIS EXCELLENT VALUE PROPERTY.
PLEASE NOTE: ONLY THE BUILDING ON SALE. BEAUTY SALON BUSINESS IS EXTRA.