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512 Balmoral St
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512 Balmoral St $2,600,000
$2,600,000
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512 Balmoral St
Winnipeg, Manitoba R3B2P8

MLS® Number: 67211d82b27a01350dd34a92

Listing Description

Offered For Sale at $2,600,000 ($92,857 per unit) with all offers to be submit to the Vendor and reviewed upon receipt.\n\n512 Balmoral Street is located just north of the University of Winnipeg in a steady, working-class neighborhood. This fully occupied apartment building, constructed in 1972, has been meticulously maintained by its long-standing private owner and offers the next investor a solid foundation for ongoing success. The surrounding trade area is experiencing gentrification, with new apartments, restaurants, and retail establishments continuing to emerge, presenting an excellent opportunity for investors seeking a stabilized asset in a mature area of Winnipeg, with convenient access to both Portage Avenue and the University of Winnipeg.\n\nFEATURES\n\n• 100% leased, providing a stable income, and with 28 units, this asset is of a manageable scale.\n\n• Winnipeg's apartment market is currently experiencing remarkably low vacancy rates, making apartments a top-performing asset due to strong demand for housing.\n\n• Clear of financing, resulting in flexible acquisition financing and repositioning potential through CMHC.\n\n• The building features an efficient design and has been impeccably maintained by the current owner, with multiple long-term tenancies in place.\n\n• Significant value add potential through suite renovation and capital investments. (672118227041117769)

Property Summary

Property Type
Multi-family
Land Size
0.27 ac
Built in
1972
Total Parking Spaces
10
Time on REALTOR.ca
9 days

Building

Building Features
Construction Status
Complete
Total Buildings
1
Total Units
28
Utilities
Utility Sewer
Sanitary sewer
Business
Business Name
Balmoral Street Multi-Family For Sale
Parking
Total Parking Spaces
10

Measurements

Square Footage
22152 sqft
Exterior Building Size
22152 sqft

Land

Other Property Information
Zoning Description
RMF-L
Data provided by: Winnipeg Regional Real Estate Board 1240 Portage Avenue, Winnipeg, Manitoba R3G 0T6

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