14 Railway Avenue, Elm Creek MB R0G 0N0 Photo 1 14 Railway Avenue, Elm Creek MB R0G 0N0 Photo 2 14 Railway Avenue, Elm Creek MB R0G 0N0 Photo 3 14 Railway Avenue, Elm Creek MB R0G 0N0 Photo 4 14 Railway Avenue, Elm Creek MB R0G 0N0 Photo 5 14 Railway Avenue, Elm Creek MB R0G 0N0 Photo 6 14 Railway Avenue, Elm Creek MB R0G 0N0 Photo 7 14 Railway Avenue, Elm Creek MB R0G 0N0 Photo 8 14 Railway Avenue, Elm Creek MB R0G 0N0 Photo 9 14 Railway Avenue, Elm Creek MB R0G 0N0 Photo 10 14 Railway Avenue, Elm Creek MB R0G 0N0 Photo 11 14 Railway Avenue, Elm Creek MB R0G 0N0 Photo 12 14 Railway Avenue, Elm Creek MB R0G 0N0 Photo 13 14 Railway Avenue, Elm Creek MB R0G 0N0 Photo 14 14 Railway Avenue, Elm Creek MB R0G 0N0 Photo 15

No driving directions were found. Please adjust your search.

14 Railway Avenue - Stunning, multi-family money maker available! If you are looking to add to your portfolio this one makes sense. Almost 7% cap rate on a truly mint, restored, character building. The absolute pros that brought this building into the 21st century allowed it to retain so much of its original character. The entire exterior was saved and updated. You get nearly a completely new building with 6 units. 4 - 1 bedroom and 2 - 2 bedroom. Each unit is unique and has in suite laundry. All of the mechanicals were brought up to date and to code. There is room for a rent increase which would bring your cap rate to closer to 8% with no repairs in sight. There is space still on the land for possible upgrades. A small storage facility would make great sense here. Don't miss seeing this one! It makes money!

Property Details

  • ID: 1911296
  • Status: Active
  • New Construction: No
  • Property ID: 101403797
  • Storeys: 2
  • Neighbourhood: R39
  • Style: Commercial
  • Parking Type Description: Other 8 cars

Features

Amenities Private Bathrooms, Fully Air Conditioned, Fire Alarm, Appliances Included
Building Type Multi/Mixed Use
Exclusions 0
For Lease Y/N No
For Sale Y/N Yes
Has Fireplace No
Heating Natural Gas, Forced Air
Other Number of Units - 6, Number of Suites - 6, Number of Covered Spaces - 0, Number of Buildings - 1, Number of 2 Bed Apartments - 2, Number of 1 Bed Apartments - 4, APOD Water Expenses - 1200, APOD Net Income - 52147, APOD Insurance - 2813, APOD Heat - 7150, APOD Gross Income - 68364, APOD Cable - 990
Parking Parking Pad
Site Influences Corner
Site Services Fully Serviced
Title to Land Freehold
Listed By David Phillips and Konstantin Landel of CENTURY 21 Carrie.com