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59 3rd St NW 6 Unit Apartment Building $1,825,000 CAD ($304,167 CAD/Unit) 5.50% Cap Rate Portage La Prairie, MB R1N 2B8
Investment Highlights
- Stabilized six-suite apartment building.
- Remote security camera system.
- Electrified parking stalls.
- Constructed in 2024.
- Electronic keypad entry system.
- Concrete parking pad.
Executive Summary
The property offers investors dependable cash flow, a well-maintained asset, and strong long-term upside through rental growth. Its efficient suite mix and established tenancy make it an attractive investment opportunity.
Property Facts
| Price | $1,825,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $304,167 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.50% | Building Size | 6,210 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 0.97/1,000 SF |
| Zoning | C2 | ||
| Price | $1,825,000 CAD |
| Price Per Unit | $304,167 CAD |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 6,210 SF |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 0.97/1,000 SF |
| Zoning | C2 |
Amenities
Site Amenities
- Controlled Access
- Laundry Facilities
- Security System
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
50/100
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59 3rd St NW
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