155 Reimer Avenue W, Steinbach
R16//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. - all information deemed to be accurate, but not guaranteed. (id:1945)
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Property details for 155 Reimer Avenue W, Steinbach
- Type
- Apartment
- Bathrooms
- 32
- Heating
- Electric baseboard units, Forced air
- Ownership
- Freehold
Nearby Listings Stat
Estimated price and comparable properties near 155 Reimer Avenue W
Active Listings
1
Min Price
$5,450,000
Max Price
$5,450,000
Avg Price
$5,450,000
Days on Market
57
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Neighbourhood Census Data
Steinbach, Manitoba
Population
2,144
Median Age
27.7
Median Income
$33,463
Dwelling Value
$229,710
Housing Tenure
Owners 62%
Renters 39%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 3
Pop. Density: 938.0/km²
Avg Shelter Cost: $1,162/mo
Owners with Mortgage: 84.1%
Owners Spending 30%+: 9.1%
Tenants Spending 30%+: 25.5%
English only: 94.4%
French only: 0.2%
English and French: 3%
Neither: 2.8%
Median Household Income: $66,944
Median Employment Income: $32,939
Price History
Listed
August 15, 2026
by Keller Williams Real Estate Services
Current Price
$5,450,000
-0.9% from last change
Type
Apartment
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $5,450,000 | $50,000 (-0.9%) |
| Sep 6, 2026 | $5,500,000 | Listed |
