5A//Winnipeg/Showings begin now with potential Offers Reviewed as received*** CASH-FLOW OPPORTUNITY STEPS FROM HSC! This 2-storey duplex is a value-add investor s dream, offering multiple income streams and strong upside potential. Built in 1905 with 1,360 sq ft of living space, the property features two units with separate hydro meters an ideal setup to keep operating costs down and simplify tenant management.The main-floor unit offers 2 bedrooms and 1 bathroom, previously rented for $1,000/month, while the upper unit generated $800/month, as per vendor. In addition, the backyard has been converted into a 4-stall parking area, each currently rented, adding an extra, consistent monthly income. While the property does require TLC, it presents a clear opportunity to add value through cosmetic renovations and improved management. With updates, there is strong potential to increase rents and significantly enhance overall cash flow and equity.Located just a short walk from the Women s Hospital and close to a nearby park, the property benefits from steady rental demand driven by healthcare workers and area tenants. A smart addition for investors looking to build equity and maximize returns. (id:4069)
Address
682 Ross Avenue
List Price
$199,900
Property Type
Single Family
Type of Dwelling
Duplex
Transaction Type
Sale
Area
Manitoba
Sub-Area
Winnipeg
Bedrooms
4
Bathrooms
2
Floor Area
1,360 Sq. Ft.
Lot Size
27 x 113 Sq. Ft.
Lot Depth
113 ft
Frontage Length
27 ft
Year Built
1905
MLS® Number
202608158
Listing Brokerage
RE/MAX One Group
Postal Code
R3E1C6
Ownership
Freehold
Site Influences
Public Transit, View
Heat Source
Natural gas
Heat Type
High-Efficiency Furnace, Forced air
Number Of Floors In Building
2
Water Source
Municipal water
Sewer
Municipal sewage system
