My Office Listings
247 Manitoba Avenue
4A
Winnipeg
R2W 2E8
$499,900
Industrial / Commercial / Investment
- Status:
- Active
- Prop. Type:
- Industrial / Commercial / Investment
- MLS® Num:
- 202500051
- Build. Type:
- Tri-Plex
- Photos (49)
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INVESTOR ALERT! Rare opportunity to secure a solid brick-built triplex with an impressive 9.6% CAP RATE and over $60,600 GROSS ANNUAL INCOME. Tenants pay all utilities, keeping expenses low and cash flow strong. Each 1,500 sq ft, 3-storey unit features 5 bedrooms, 2 bathrooms, a full basement, and fenced yard space – highly desirable for large households and long-term tenancy. Recent updates include new shingles (2024) plus extensive renovations to Units 247 (2011) and 249 (2015). Unit 247 also includes a double detached garage and spray-foamed basement for added efficiency. Current rents: 247 Manitoba = $2,000, 249 Manitoba = $1,900 (currently vacant – perfect for owner-occupy or select your own tenant), 251 Manitoba = $1,150, for a total of $5,050/month. Net operating income is $48,059 annually. Prime central location near transit, restaurants, parks, and the Red River trail system. A cash-flowing asset with excellent upside potential! ASK FOR PROFORMA
- 4A / -
- For Sale:
- Yes
- For Lease:
- No
- Property Type:
- Industrial / Commercial / Investment
- Property Sub Type:
- Multi-Family for Sale
- Building type:
- Tri-Plex
- Depth:
- 107'32.6 m
- Frontage:
- 66'20.1 m
- Heating:
- Forced Air, Natural Gas
- Parking:
- Double Detached, Rear Drive Access
- Storeys:
- 3.0
- Security:
- 0
- Fenced, Park/reserve, Public Transportation
- Appliances Included, Basement, Separate Entrances, Separately Meter Water, Separately Metered Gas, Separately Metered Hydro
- Fully Serviced, City Water
- Real Estate Taxes:
- 5281.0
- Gross Income:
- 60000.0
- Net Income:
- 45954.0
- Professional fees:
- 0.0
- Cost % to Grs Rec:
- 0
- Repairs expenses:
- 4545.0
- Insurance expenses:
- 3200.0
- Garbage expenses:
- 0.0
- Electric & water expenses:
- 0.0
- Heat expenses:
- 0.0
- Title to Land:
- Freehold
- Building Plans:
- 0
- Sprinkler system:
- 0
- Vacancy loss:
- 1020.0
- Number of Units:
- 3
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Welcome to 247/249/251 Manitoba Ave!
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247 Manitoba Ave - Virtually staged.
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Virtually staged.
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Virtually staged.
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Bed 1 - Virtually staged.
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Bed 2.
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Bed 3.
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Bed 4 - Virtually staged.
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Bed 5.
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Virtually staged.
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249 Manitoba Ave.
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Bed 1.
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Bed 2.
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Bed 3.
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Bed 4.
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Bed 5.
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Listed by Jayesh Guliani of Royal LePage Prime Real Estate
Data was last updated September 16, 2025 at 04:35 PM (UTC)
- DARRYL WALSH
- ROYAL LEPAGE PRIME REAL ESTATE
- 204-297-0860
- darrylwalsh@royallepage.ca
The listing information is provided by Winnipeg Real Estate Board and is deemed
reliable but is not guaranteed to be accurate.