Stop looking for deals that don't cash flow. This 4-suite income generator at 677 Manitoba Ave offers an incredible 9.74% Cap Rate (Proforma) in a market where 5-6% is the norm. Priced at only $259,900, this is a high-yield asset with all the major "scary" expenses already handled.
THE NUMBERS:
Monthly Gross Income: $3,610 ($43,320/year)
Purchase Price: $259,900
Net Operating Income (NOI): $25,321 (Includes maintenance, management & vacancy buffers)
Unit Breakdown: $1,100 | $1,000 | $785 | $725
️ UPGRADED & WORRY-FREE:
Forget about surprise repair bills. The seller has modernized the core infrastructure:
NEW Furnace (Only 1 year old!)
Hot Water Tank (< 5 years old)
Roof (< 8 years old - durable Shingle/Metal mix)
Modern Electrical: Upgraded panel and wiring in recent years.
Fully Compliant: Annual city inspections and active rooming house license.
✨ INCLUSIONS:
Comes turnkey with 4 Fridges and 4 Stoves included.
This property is perfect for the seasoned investor looking to boost their portfolio's average yield or a new investor wanting a safe, city-inspected entry into the market.
Don't wait—assets with a 9% Cap Rate do not stay on the market. Call today @ 204-290-1473 for a private tour!