Our Agents' Listings
199 Cheema Drive
4L
Winnipeg
R3C 2E6
$4,435,000
Industrial / Commercial / Investment
- Status:
- Active
- Prop. Type:
- Industrial / Commercial / Investment
- MLS® Num:
- 202504729
- Photos (14)
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
Schedule a viewing:
Cancel any time.
SOLID, VERSATILE INVESTMENT OPPORTUNITY WITH MULTIPLE EXIT STRATEGIES. 11 brand-new townhouses (3 bed, 2.5 bath) on separate titles, sold as one block in Castlebury Meadows, one of Winnipeg’s most desirable new neighbourhoods. Proven rental income with nearly identical units in an adjacent building renting for $2100/month and EXTREMELY LOW VACANCY. High appreciation and forced value-add potential, including finished basements that add up to $1000/month per unit (*not legal secondary suites*) and potential garage additions, adding up to $200/unit. CAP RATE STARTS AT approx 4.75% and VARIES BASED ON ADD-ONS, which can significantly increase property value and rental income. Highly flexible investment ideal for REITs or PARTNERSHIPS, offering multiple EXIT STRATEGIES. If a partner wants out, simply sell a unit and retain the rest, maintaining cash flow and equity growth. Long-term play perfect for BUY-AND-HOLD, or create a strategy where you sell them off 1 by 1.... Serious investors only. 3 month possession. Inquire for pro forma.
- 4L / -
- For Sale:
- Yes
- For Lease:
- No
- Property Type:
- Industrial / Commercial / Investment
- Property Sub Type:
- Multi-Family for Sale
- Title to Land:
- Freehold
- 3-Bedroom Units:
- 11
-
Photo 1 of 14
-
11-PLEX! 3 month possession
-
11 - PLEX, 3 beds 2.5 baths
-
11 - PLEX, 3 beds 2.5 baths
-
11 - PLEX, 3 beds 2.5 baths
-
11 - PLEX, 3 beds 2.5 baths
-
11 - PLEX, 3 beds 2.5 baths
-
11 - PLEX, 3 beds 2.5 baths
-
11 - PLEX, 3 beds 2.5 baths
-
11 - PLEX, 3 beds 2.5 baths
-
11 - PLEX, 3 beds 2.5 baths
-
11 - PLEX, 3 beds 2.5 baths
-
11 - PLEX, 3 beds 2.5 baths
-
11 - PLEX, 3 beds 2.5 baths
Virtual Tour Link
Virtual Tour Link 2
Larger map options:
Data was last updated April 12, 2025 at 10:35 AM (UTC)
- Dino Stepic
- RE/MAX One Group
- 204.808.7646
- Contact by Email
The listing information is provided by Winnipeg Real Estate Board and is deemed
reliable but is not guaranteed to be accurate.