282 Mountain Ave

Winnipeg-Excellent investment property that includes a 10 unit apartment block plus 2 tri-plexes as one package. Total of two 3 bedrooms, six 2 bedrooms and eight 1 bedrooms. A lot of work was done 8-10 years ago such as windows, electrical and roof. All tenants pay their heat/hydro. Currently set up as a condo but current owners are willing to convert back to one title which should reduce property taxes. Gross income including rent and laundry $10, 920/month with the net income of $69, 000 or with 8% vacancy rate is $59, 000. Ways to increase net income would be to lower property taxes and keep a line on expenses. Some room as well with some rent increases. Was managed from out of town which made it difficult to manage. Showings by appointment only. No current work orders.