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348-15th Street offers a prime investment opportunity in Brandon, Manitoba, close to Brandon University. This well-maintained triplex features three rental units: a spacious 3-bedroom, 1-bath main floor suite ($1,400/month), a newly renovated 2-bedroom, 1-bath second-floor unit ($1,400/month), and a bright, recently updated studio on the top floor ($1,000/month). All rents include utilities, ensuring tenant convenience. Comes with 4 parking spots, all electrified. Key upgrades include newer shingles, a high-efficiency furnace, and two new hot water tanks. The studio and second-floor units have been recently renovated, adding modern appeal for tenants. Generating $3,800/month ($45,600 annually) in rental income, with operating expenses of approximately $1,200/month ($14,400 annually), this property offers a solid Net Operating Income of $31,200/year. Conveniently located near the university, public transit, and amenities, this property is perfect for investors seeking stable income and future growth potential.
A05 / University
Property Type:
Residential
Property Sub Type:
Single Family Detached
Home Style:
Two and a Half
Total Bedrooms:
5
(Above Grd: 5)
Bedrooms Above Grade:
5
Total Rooms:
13
Total Rooms Excl. Baths:
10
Rooms Above Grade:
10
Total Baths:
3.0
(Full:3/Half:0)
Age Description:
Older
Lot Size:
4,500 sq. ft.418 m2
Frontage:
37'11.3 m
Depth:
120'36.6 m
Lot Shape:
Normal
Total Floor Area:
1,805 sq. ft.168 m2
Construction:
Wood Frame
Foundation:
Concrete
Roof:
Shingle
Exterior Features:
Vinyl
Basement Type:
3/4
Basement Development:
Partially Finished
Heating:
Forced Air
Heating fuel:
Natural gas
Water supply:
Municipal/Community
Exposure Front:
E
Flooring:
Wall-to-wall carpet, Vinyl
Parking:
Rear Drive Access
Garage:
0
Rental equipment:
None
Finished Basement Area:
0 sq. ft.0 m2
Floor
Type
Size
Other
Main
Living Room
Measurements not available
-
Main
Kitchen
Measurements not available
-
Main
Primary Bedroom
Measurements not available
-
Main
Bedroom
Measurements not available
-
Main
Bedroom
Measurements not available
-
Upper
Bedroom
Measurements not available
-
Upper
Bedroom
Measurements not available
-
Upper
Kitchen
Measurements not available
-
Third
Kitchen
Measurements not available
-
Upper
Living Room
Measurements not available
-
Floor
Ensuite
Pieces
Other
Main
No
4
Upper
No
4
Third
No
4
0
None
0.00
Flat Site, Back Lane, Paved Street, Playground Nearby