108-110 Lorne Ave, Winnipeg, MB
$224,900
MLS# 1323997
Tina August, Royal Lepage Top Producers
204-989-6900
1-866-989-6900
Currently there are 7 active Duplex properties available for purchase in area 4a, Winnipeg, MB. 4a consists of the North End and Point Douglas. Out of those 7 properties I would like to talk about one in particular, which I currently have listed. 108-110 Lorne Ave. The six comparable properties that are currently active on the market today range between 1562-2050 square feet, while 108-110 Lorne Avenue offers a grand total of 2647 completely renovated and remodelled square footage. More BANG for your dollar right there!!! You can not only offer the largest suites to prospective tenants out of the comparable properties, but each suite is completely independent with their own hot water tanks, meters and furnaces as well!!
108-110 Lorne Avenue offers (in each suite) 3 bedrooms, 1 LARGE bathroom, an open concept main living area with adjoining eat-in kitchen and main floor laundry. There is no shortage of storage space throughout these suites as each room has larger then normal closets with organizers and the back entrance offers a great sized area for any additional storage needs. There is ample space for rear parking with a parking pad big enough to fit two vehicles+, while still offering a nice amount of green space to enjoy in the warmer months. Each suite has two access doors, front and back. A great home for a family.
Walking score on this property is 80 out of 100, meaning most errands can be accomplished on foot and is a great convenience to yourself or your tenants.
It is also currently VACANT. Therefore, a private showing can be done with what works best for YOUR schedule, and your future occupants can also be selected by you and move in immediately.
***BONUS***
Renovations and Remodelling of this property were done professionally by S & M Demo. Newer flooring, windows, insulation, shingles, paint, kitchens, bathrooms, electrical, hi-eff. furnaces, hot water tanks and more. DO nothing but move in or rent out!!!
$$$ The vendor states that BEFORE renovations, each suite collected between $900-$950/month in rent. $$$
Also, comparing to the other current active properties in the area, 108-110 Lorne Ave. is the only Duplex that is offered in the neighbourhood of Point Douglas, while the others are all in the North End. If you are not familiar with Point Douglas, here is a little history of the area, courtesy of Royal LePage Canada. After all, who doesn't enjoy a short history lesson here and there?!
North Point Douglas is a small neighbourhood located in the city of Winnipeg, Canada.North Point Douglas comprises the northern portion of a peninsula of the Red River. Its boundaries are Main Street (west), Redwood Avenue (north), the Red River (east), and the Canadian Pacific Railway mainline (south), which bisects the peninsula. The southern portion of the peninsula is the neighbourhood of South Point Douglas (which is also considered part of Downtown Winnipeg.) Together, these two neighbourhoods are known simply known as "Point Douglas". In 2001, North Point Douglas had a population of 2,260.North Point Douglas is one of the Winnipeg's oldest neighbourhoods. Today, North Point Douglas boasts two of Winnipeg's oldest houses - Barber House and Ross House Museum. It is also considered part of Winnipeg's fabled North End.The eastern point of the neighbourhood was a traditional gathering place for Aboriginal tribes for ceremonial rites (while The Forks nearby was traditionally used for trading purposes). This is believed to have occurred prior to European contact, and continued until urbanization in the 1870s.In 1812, this first group of Selkirk Settlers arrived in Point Douglas and began raising wheat crops on the point and along the Red River, becoming the first agrarian colony west of the Great Lakes.
NEW TO INVESTING IN REVENUE PROPERTY?? Read on.
Investment properties are homes you buy to generate revenue. The important thing to keep in mind is that when you acquire an investment property, you become a landlord and that comes with responsibilities. You’ll need to familiarize yourself with the landlord-tenant act in your province, price your rent according to the market values, draft rental agreements, screen potential candidates and more. See below for a link to the Residential Tenancies Branch or call me today with any questions you may have. (204-989-6900)
Residential Tenancies Branch
CALL ME TODAY TO BOOK YOUR VIEWING OF THIS AMAZING PROPERTY AND OPPORTUNITY, OR IF YOU HAVE ANY QUESTIONS. TINA AUGUST, ROYAL LEPAGE TOP PRODUCERS, 6-1549 ST. MARYS ROAD, WINNIPEG, MB. 204-989-6900 OR 1-866-989-6900.
IS THIS PROPERTY NOT RIGHT FOR YOU, BUT YOU ARE INTERESTED IN PURSUING PURCHASING A REVENUE PROPERTY IN THE WINNIPEG, MB AREA? PLEASE GIVE ME A CALL.
