Why rent in Southwestern part of Manitoba when you can own your own place to call home. This modular home on owned land features 1100 Sq ft, with new 2 tone grey siding currently being put on. New holding tank, 3 bedrooms and 2 baths. Lots of room to play on the double lot in the small town of Lyleton.
This 22 suite, one storey, apartment building of frame/masonry construction was built in 1957. It has been renovated in 1998 to an assisted living home. Suites consist of 2 bachelor, 15 single one bedroom, 4 double one bedroom and 1 managers suite. Tenants are provided with 3 meals daily in the dining room and weekly housekeeping in their monthly rental fee. Tenants are responsible for their own cable, telephone and laundry. There are two laundry rooms with coin operated washers and dryers in the building. Heat for each suite is provided by electrical baseboard heaters. The balance of the building is serviced with natural gas forced air heating and cooling. Average annual gross income for the past 3 years is $296,000. Nominal adjusted cash flow is $72,000/year.
Location, location, location! Excellent investment opportunity located downtown on the corner of Victoria Avenue and 10th Street. High visibility for the tenant of Robin’s Donuts and 241 Pizza. This 42 seat premises is close to city hall, shopping, and the hub of Brandon’s business community. Contact listing agent for further financial details.