LiveMLS 6ac91641faa0fb1a4a1db80cCMHC / MLI Select

438 Assiniboine Ave · 20-unit multifamily

Winnipeg, MB · 20-unit multifamily · 20 units

$3,500,000listed

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

438 Assiniboine Ave is a 20-unit multifamily in Winnipeg, MB, asking $3,500,000 — $175,000 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 20 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.

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

Asking price: $3,500,000
Units: 20 units
Property type: 20-unit multifamily
Location: Winnipeg, MB
Price per door: $175,000
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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