209 Balmoral Street · Fourplex

209 Balmoral Street is a 4-unit fourplex in Winnipeg, MB, asking $419,900 — $104,975 per door.

That sits below the Winnipeg band of $130k - $230k per door. A price under the band usually means condition, location, or an in-place rent roll well below market — confirm which before treating it as a discount. Winnipeg cap rates screen 5.5% - 7.0% against average rent near $1,450 a door.

At 4 units this finances as residential, not commercial — MLI Select starts at five units. The qualifying rate still applies: federally regulated lenders test a 1–4 unit rental at the greater of your contract rate plus two points or 5.25%.

Winnipeg can work as an income-first market with lower basis, though liquidity and winter operating reserves matter. Investor demand reads medium, vacancy balanced.