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5
228 MANITOBA STREET
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$2,650,000 Sale
Listed 67 days ago
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· 8698
Key Facts
Key facts for 228 MANITOBA STREET
Property Type
Commercial
Parking
-
MLS #
C8054545
Size
8698 sqft
Basement
-
Listed on
-
Lot size
-
Tax
$8,137.46 /yr
Days on Market
-
Year Built
1958
Maintenance Fee
-
Description
The McEvay Blair Multifamily Group of Marcus & Millichap is pleased to present 228 Manitoba, a desirable family-owned apartment building in one of Western Canada’s best rental markets. Consisting of 9 bright and spacious suites (6-1 bedrooms and 3-2 bedrooms) that have been renovated with new kitche...ns and bathrooms, this building boasts a tremendous location right next to Tipperary Park with a 15 minute walk to both Queen’s Park and the Columbia Skytrain Station in downtown New Westminster. The property has recently been improved with a new hot water tank, double-glazed windows, and an upgraded lobby and common areas with new carpet, paint, and lighting. There is a substantial amount of storage throughout lending to the potential to add an additional unit for further revenue. There is favourable financing available consisting of an assumable CMHC loan with People’s Trust with a current balance of ~$1,226,000, a 10-year term (due 2031), 30 year amortization, and a 2.41% interest rate.
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Courtesy of: Marcus & Millichap