LiveMLS 202602428Buy & hold

500 BANNATYNE Avenue · Multi-family

Winnipeg, MB · Multi-family · 3 units

$699,900listed

Workable offer

Winnipeg market brief →

RentCapPrice/door

Locked, not loading — the underwrite opens with a trial or an account.

Score

DSCR

Cash to close

All-in with reserves

Sign in for the underwriteA licensed broker reads it and replies by email, usually within a business day.View on Realtor.ca

What this listing is

500 BANNATYNE Avenue is a 3-unit multi-family in Winnipeg, MB, asking $699,900 — $233,300 per door.

That sits above the Winnipeg band of $130k - $230k per door. A price above the band has to be earned by rents, condition, or upside that the listing has not yet shown. Winnipeg cap rates screen 5.5% - 7.0% against average rent near $1,450 a door.

At 3 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.

Asking price: $699,900
Units: 3 units
Property type: Multi-family
Location: Winnipeg, MB
Price per door: $233,300
Winnipeg cap band: 5.5% - 7.0%
Winnipeg average rent: $1,450

The underwrite — investment score, cap rate on the real rent roll, DSCR at the qualifying rate, cash to close, and the offer band this desk would actually bid — opens with a free account.