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599 Wardlaw Ave · Multi-family

Winnipeg, MB · Multi-family · 4 units

$699,000listed

Price at 5.75% cap

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 Oct 11

What this listing is

599 Wardlaw Ave is a 4-unit multi-family in Winnipeg, MB, asking $699,000 — $174,750 per door.

That sits inside the Winnipeg band of $130k - $230k per door. Winnipeg cap rates screen 5.5% - 7.0% and average rent runs about $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%.

The Winnipeg desk underwrites vacancy at 4% - 5.5% and operating expenses at 36% - 46% of gross rent.

Asking price: $699,000
Units: 4 units
Property type: Multi-family
Location: Winnipeg, MB
Price per door: $174,750
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 price at a 5.75% cap — opens with a free account.

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