5E//Winnipeg/Pls arrange appointments with 24Hrs notice. Offers as received. Attention investors, builders, and handymen! In the heart of St. James, this property offers a proven record of steady rental income and excellent redevelopment potential. A long-term tenant (20+ yrs) is now on month-to-month and happy to stay ideal for reliable cash flow while you plan your next project. Currently rented at $1,175/month, generating approx. $12,000 net annually (7.5% cap rate).The 650+ sq. ft. bungalow includes front and back porches, a central hall with laundry, a bright living room with bow window, eat-in kitchen, and two bedrooms with closets. The fenced yard has parking for two vehicles. Yes, the house needs work but the location is unbeatable! Close to schools, parks, transit, and Polo Park. Whether you renovate, rent, or rebuild, this is a rare opportunity in a high-demand area with strong value growth potential. Don t wait act fast. (231535228)
Property Type
Single Family
Neighbourhood Name
St James
Annual Property Taxes
$1,962.14 (CAD)
Time on REALTOR.ca
53 days
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