FOR SALE - 512 Balmoral Street

For Sale

512 Balmoral Street, Winnipeg, MB R3B 2P8

This Winnipeg property for sale is located at 512 Balmoral Street. The current listed sale price for FOR SALE - 512 Balmoral Street is $2,600,000. FOR SALE - 512 Balmoral Street is situated on a lot that is 11,575 square feet in size.

Contacts

broker
Brennan Pratt

P3 Realty Services Inc.

Associate, Commercial Sales & Leasing

Property Details

  • Property Type Multi-Family
  • Property Size 22,152 SF
  • Units 28
  • Lot Size 11,575 SF
  • Cap Rate % 4.7
  • Rental Income / YR $205,000.00
  • NOI / YR $120,000.00
  • Taxes / YR $30,000.00
  • Additional Rent Contact for pricing
  • # of Floors 3
  • Average Floor Size 5,538 SF
  • Parking Spaces Avail. 10
  • Parking Ratio 0.45 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 1972
  • Year Renovated 2008
  • Date Updated Nov 5, 2024

512 Balmoral Street is located just north of the University of Winnipeg in a steady, working-class neighborhood. This fully occupied apartment building, constructed in 1972, has been meticulously maintained by its long-standing private owner and offers the next investor a solid foundation for ongoing success. The surrounding trade area is experiencing gentrification, with new luxury apartments, restaurants, and retail establishments continuing to emerge, presenting an excellent opportunity for investors seeking a stabilized asset in a mature area of Winnipeg, with convenient access to both Portage Avenue and the University of Winnipeg.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • 10 Parking Stalls
  • 2-bedroom, 1-bedroom and bachelor suites
  • Zoned as RMF-L - Res - Multi-Family
  • Fully occupied building with long wait list
  • Low rents for value add buyer

Attachments

Getting around

  • 97/100

    Walk Score ®

  • 86/100

    Transit Score ®

  • 84/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Winnipeg, MB
  • Neighborhood Spence
  • Postal Code R3B 2P8

Points of Interest

  • Winnipeg

    0.93 miles

  • Train Ride

    4.09 miles

  • Inkster Junction

    6.52 miles

  • Shell

    0.63 miles

  • Esso

    0.91 miles

  • FLO

    1.11 miles

  • Tesla Destination Charger

    1.14 miles

  • Domo

    1.32 miles

  • Petro-Canada

    1.33 miles

  • Co-op

    1.35 miles

  • Co-op Gas Bar

    1.72 miles

  • Tesla Supercharger

    2.19 miles

  • New Manitoba Clinic

    0.52 miles

  • Impark

    0.62 miles

  • Emily Street Parkade

    0.68 miles

  • Pacific and Paulin Lot

    0.68 miles

  • Lot A

    0.73 miles

  • William Street Parkade

    0.73 miles

  • Richardson Centre Parkade

    0.73 miles

  • Hotel Royal Plaza

    0.18 miles

  • The New Balmoral Hotel

    0.21 miles

  • Holiday Inn & Suites Winnipeg Downtown

    0.29 miles

  • Alt Hotel Winnipeg

    0.39 miles

  • The Marlborough Hotel

    0.45 miles

  • Radisson Hotel Winnipeg Downtown

    0.47 miles

  • New Lodge Winnipeg

    0.53 miles

  • Mariaggi’s Theme Suite Hotel & Spa

    0.55 miles

  • Delta Hotels

    0.55 miles

  • Hampton

    0.67 miles

  • Portage Place

    0.29 miles

  • The AnX

    0.29 miles

  • FreshCo

    0.30 miles

  • No Frills

    0.35 miles

  • Dino's Grocery Mart

    0.37 miles

  • Giant Tiger

    0.38 miles

  • Young's Trading

    0.52 miles

  • Cityplace

    0.53 miles

  • Downtown Family Foods

    0.72 miles

  • Tmadahan Food Mart

    0.92 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Brennan Pratt

P3 Realty Services Inc.

Associate, Commercial Sales & Leasing