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Dino Stepic
Office: 204-233-9396
Re/Max One Group
4-756 Pembina Highway, Winnipeg, Manitoba
Phone: 204-233-9396
Toll-Free: 1-866-233-9396
Description
OWN A PIECE OF WINNIPEG HISTORY AND PUT IT TO WORK! Built in 1931, the "Nitikman House" at 238 Cathedral Avenue combines local history with serious house-hacking potential. This up-and-down duplex is an exciting opportunity for first-time investors or buyers looking to make homeownership more affordable. The main-floor suite brings in nearly 1400/month plus hydro and gas, with a lease in place until Oct 2027. The upper suite has its own hydro and electric heat, with shared laundry in the basement. At a $260,000 purchase with 20% down, 4.5% interest and a 30-year amortization, the main-floor rent could roughly cover the mortgage, taxes, and insurance on its own. Add projected upper-suite rent of $1,000/month and enjoy healthy cash flow. Explore living upstairs while the main-floor rent helps pay the bills, or rent both suites to build your investment portfolio. The main floor needs some TLC, offering room to add value over time with a paying tenant already in place. Eligible owner-occupiers may also qualify for a provincial property tax credit. History, rental income and opportunity under one roof. Book your private showing and see how this duplex could work for you!
General Information
- Property Type: Multi-Family
- Building Type: 1 & 1/2 Storey
- Bedrooms: 4
- Bedrooms Above Grade: 4
- Bathrooms: 2
- Square Feet: 1615
- Year Built: 1931
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