501 Larsen Avenue

Elmwood Winnipeg R2K 1R5

3A//Winnipeg/SS now with 24 hours' notice. Offers as received. Listed below the appraised value, this exceptional C1-zoned corner property offers a rare opportunity for investors and owner-occupants alike. Currently configured as a well-maintained side-by-side duplex, it delivers immediate cash flow while offering excellent long-term redevelopment or commercial potential. Unit A (3 bed 1 bath) rents for $1,550/month, Unit B (2 bed 1 bath) for $1,450/month, and the oversized double detached garage generates an additional $750/month, producing a total gross income of $3,750/month ($45,000 annually). Each tenant pays their own hydro, helping keep operating expenses low. Both units feature private entrances, separate laundry, and basements offering ample storage and future development possibilities. Situated on a prime corner lot with back lane access and additional access from Watt Street, the property also provides abundant parking. Conveniently located close to schools, shopping, public transportation, and everyday amenities, this is an outstanding opportunity to add a high-performing asset to your portfolio or live in one side while generating rental income from the other. Opportunities like this are hard to find. (id:2493)