LiveMLS 6998b3a7e8575825b6416870CMHC / MLI Select

Plessis Rd · Multi-family

Winnipeg, MB · Multi-family · 31 units

$5,535,000listed

Workable offer

Winnipeg market brief →

RentCapPrice/door

Score

DSCR

Cash to close

All-in with reserves

Create a free account Sign inGoes to the AssetAvenue team. We reply by email, usually within a business day.View on Realtor.caLast seen on Realtor.ca Sep 29

What this listing is

Plessis Rd is a 31-unit multi-family in Winnipeg, MB, asking $5,535,000 — $178,548 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 31 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.

Asking price: $5,535,000
Units: 31 units
Property type: Multi-family
Location: Winnipeg, MB
Price per door: $178,548
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.

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