534 Ritchot St, Winnipeg

Rarely offered turnkey 5-suite investment property featuring four 2-bedroom suites and one 1-bedroom plus den basement suite. Low vacancy with long-term ownership and tenants on annual leases. The main floor 2-bedroom suite is currently vacant, offering immediate rental potential or the opportunity to set current market rent. All suites include a fridge and stove, with coin-operated laundry on-site. Each suite has one rear parking stall. Tenants in Units 1-4 pay their own hydro, while the owner pays heat and water. Numerous updates include replacement windows throughout the years, updated flooring and bathrooms in several suites, two rented power-vented gas hot water tanks, an approximately 10-year-old furnace (inspected annually), and shingles approx 12 years old. The vendor has freshly painted the entire basement, including the laundry room. Annual sewer maintenance completed. Exceptionally clean, well-maintained property. Call for pro forma and income/expense details. Showings preferred Monday through Friday between 10:00 a.m. and 5:00 p.m. with 24 hours’ notice. (id:1945)