534 Ritchot Street · 5-unit multifamily

534 Ritchot Street is a 5-unit 5-unit multifamily in Winnipeg, MB, asking $849,900 — $169,980 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 5 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.