I have sold a property at 1 277 Atlantic AVE in Winnipeg

I have sold a property at 1 277 Atlantic AVE in Winnipeg.
Currently rented for $725/month + hydro with condo fees being $166.20/month and taxes at $98/month, leaving $386/month. With 20% down, or $14,000, the mortgage of $56,000 would be $258/month leaving approximately $100/month net income. The property is currently set up as a rental pool with all 21 units in the pool. The group pays out 85% of the rents to you (15% management fee) and the onsite caretaker looks after everything including minor repairs, cleaning, collection of rents and renting out the units. The condo fees includes the payment of the caretakers suite for their work. There is also $10,000 currently in the reserve fund, with a further $500/month projected to be deposited into the reserve from the condo fees. The property was renovated approximately 3-4 years ago with all new electrical and new baseboard heat, new kitchens and bathrooms & new appliances, and the common areas were renovated as well. There is an onsite laundry facilities. There is no direct parking included in this building.