FOR SALE - 512 Balmoral Street

512 Balmoral Street, Winnipeg, MB R3B 2P8

  • For Sale $2,600,000
  • Property Type Multi-Family
  • Property Size 22,152 SF
  • Units 28
  • Lot Size 11,575 SF
  • Cap Rate % 4.7
  • Rental Income / YR 205000
  • NOI / YR 120000
  • Taxes / YR 30000
  • 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.

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Attachments

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

Contacts

broker

Brennan Pratt

P3 Realty Services Inc.

Associate, Commercial Sales & Leasing

Location

Getting Around

  • Walk Score ®

    97/100 Walker's Paradise

  • Transit Score ®

    86/100 Excellent Transit

  • Bike Score ®

    84/100 Very Bikeable
Powered by Walk Score ®
  • 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

  • Teddy's

    0.07 miles

  • Jumbo Pizza

    0.09 miles

  • Pho Hoi An

    0.10 miles

  • Hot Pot House

    0.10 miles

  • A taste of India

    0.10 miles

  • Umaido

    0.11 miles

  • Thanh Huong

    0.14 miles

  • Burger Plus Restaurant

    0.15 miles

  • Dragon River

    0.16 miles

  • 99 cent pizza #5

    0.18 miles

  • Sister MacNamara School

    0.05 miles

  • William and Catherine Booth College

    0.16 miles

  • Winnipeg Adult Education Centre

    0.20 miles

  • University of Winnipeg

    0.23 miles

  • Salvation Army College for Officer Training

    0.25 miles

  • John M. King School

    0.40 miles

  • Menno Simons College

    0.41 miles

  • University of Winnipeg Furby-Langside Campus

    0.43 miles

  • École Victoria-Albert School

    0.45 miles

  • Ecole Sacre Coeur

    0.46 miles

  • Victoria Albert Daycare

    0.43 miles

  • Kids & Company

    0.75 miles

  • Freight House Early Learning & Care

    0.79 miles

  • Building Blocks on Balmoral

    0.83 miles

  • Children's House Montessori School

    0.86 miles

  • Harstone Children's Centre

    0.97 miles

  • River Avenue Co-operative Day Nursery

    1.22 miles

  • Cuddles Infant Centre

    1.22 miles

  • Saint Amant

    1.37 miles

  • Norwood Nursery

    1.53 miles

Frequently Asked Questions

How much does FOR SALE - 512 Balmoral Street cost?

The space currently listed for sale at FOR SALE - 512 Balmoral Street asks for $2,600,000.

What is the total square footage of FOR SALE - 512 Balmoral Street?

FOR SALE - 512 Balmoral Street totals 22,152 square feet.

When was this property built?

FOR SALE - 512 Balmoral Street was built in 1972.

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Contact Listing Broker

broker

Brennan Pratt

P3 Realty Services Inc.

Associate, Commercial Sales & Leasing