I have listed a new property at 365 Charles ST in Winnipeg.
Property consists of 2 almost identical tri-plexes at 365 and 367 Charles Street at the corner of Mountain Ave. There are 2-2 bedrooms and 1 bedroom in each and a full basement used for storage. The rents are $750/2BR and $560/1BR + hydro. Total possible gross annual income is $49,440 & total expense for 2013 was $15,653.24. Current taxes are $6266.43, but could be reduced if returned to one or 2 titles. The buildings are currently under 6 titles as condominiums with individual owners looking to sell as a group. All units were remodeled in 2008 w/updated kitchens, baths, appliances, windows & roofs. The 10 unit apartment block on the corner of Mountain & Charles is part of the condo corporation & could also be purchased with these buildings or the current vendors would split the 2. Live in caretaker in Charles helps manage all 3 buildings. Located across the street from school and great bus service. Showings will only be on Wednesdays and Fridays only from 4-6PM. Please call ahead for an appointment.