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374 Mckay Ave, Winnipeg, R2G 0N4

MLS® Number 202612184

  • $614,900
  • 5
  • 3

SS Now, Offers as Received. Turnkey investment opportunity in North Kildonan! Welcome to 374 McKay Avenue, a legally converted triplex generating $4,045/month ($48,540 annually) with a strong 6% cap rate. This solid 1,228 sq ft bungalow (built in 1957) sits on a 50’ lot with front & rear drive access and parking for 4–5 vehicles. Main floor features two self-contained suites: Unit A (2 bed & 1 Bath) rented at $1,500 + hydro, and Unit B (1 bed & 1 Bath) rented at $950 + hydro. The fully permitted basement conversion (Unit C) offers a 2 bed suite rented at $1,595 + hydro. Three separate hot water tanks, long-term reliable tenants, and excellent income stability with $37,117 NOI. Located on a multifamily-friendly street offering future development flexibility. Solid structure, strong numbers, and smart upside.

  • Basement Development Fully Finished
  • Bathrooms 3
  • Bathrooms (Full) 3
  • Bedrooms 5
  • Building Type Bungalow
  • Built In 1957
  • Depth 99.00 ft
  • Exterior Vinyl
  • Floor Space 1228 sqft
  • Frontage 50.00 ft
  • Gross Taxes $5,052.95
  • Neighbourhood North Kildonan
  • Property Type Residential, Triplex
  • Remodelled Basement, Electrical
  • Rental Equipment None
  • School Division Winnipeg (WPG 1)
  • Tax Year 25
  • Total Parking Spaces 4
Features
Deck
Heat recovery ventilator
Main floor full bathroom
Parking Type
Front Drive Access
Front & Rear Drive Access
Paved Driveway
Site Influences
Low maintenance landscaped
Shopping Nearby

Rooms

Level Type Dimensions
Main Living Room 19 ft x 9.5 ft
Bedroom 9.8 ft x 9.5 ft
Eat-In Kitchen 12.5 ft x 12.5 ft
Kitchen 15.5 ft x 9.5 ft
Four Piece Bath -
Primary Bedroom 10.52 ft x 8.9 ft
Primary Bedroom 11.2 ft x 9.5 ft
Living Room 12.75 ft x 11.1 ft
Four Piece Bath -
Lower Bedroom 8 ft x 10 ft
Bedroom 11 ft x 9.5 ft
Four Piece Bath -
Utility Room 14.8 ft x 9.8 ft