1600 Main Street · 33-unit multifamily

1600 Main Street is a 33-unit 33-unit multifamily in Winnipeg, MB, asking $4,800,000 — $145,455 per door.

That lands inside the Winnipeg band of $130k - $230k per door, so the ask is not the thing that decides this deal — the rent roll is. Winnipeg cap rates screen 5.5% - 7.0% and average rent runs about $1,450 a door.

At 33 units this is a commercial file: five or more units can be underwritten for CMHC MLI Select, where energy, affordability, and accessibility points decide the tier and the leverage. Below that tier the insured stack you modeled may not exist.

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