155 Reimer Avenue W

Steinbach R5G 0T7

R17//Steinbach/Amazing opportunity to purchase a turnkey, fully managed, renovated and leased up apartment complex in Steinbach Manitoba (30 or so minutes SE of Winnipeg). 4 buildings, and a total of 32 units over 2+ acres. 8 units per building and a mix of 6 2s and 2 1s per (a total of 24 2s and 8 1s over the complex). Tons of parking giver or take 50)! Addresses are: 155, 165, 175 and 185 Reimer Ave W. There is also a "possibility" for adding additional units via a new build via the back land....All units have one updated full washroom with tub and shower setup. Basement laundry area per building with nice revenue. This purchase would be via a corporate SHARE PURCHASE and assumption of a CMHC MLI Select mortgage that runs until the end of 2029. You will need to qualify and have a networth of $2,000,000+. Interest is 3.85% and i believe amortization is 40 years....The current assumable mortgage is approx. $4,075,000. I have an interest in this property (as well as another agent). Via the share purchase it's possible to avoid land transfer tax of approx. $110,000. Please call or text me to discuss. 204-297-6388 - all information deemed to be accurate, but not guaranteed. (id:2493)