342 Mountain Avenue,Neepawa, MB R0J1H0
Neepawa, MB R0J1H0
Description
R36//Neepawa/Exceptional investment opportunity on the main street of rapidly growing Neepawa! This well-maintained, multi-storey commercial building is an outstanding addition to any investment portfolio, offering multiple long-term tenants with a proven history of stable occupancy and dependable recurring income. The property has been well maintained and updated, providing peace of mind for future ownership. Recent capital improvements include a new elevator (2025), a renovated third-floor bathroom (2026), roof recovering (approximately 2020), and upgraded sprinkler systems brought to current code standards. These significant improvements help minimize future capital expenditures while enhancing the building's long-term value. Financial statements reflect a strong, reliable income stream generated by established long-term leases, making this an ideal turnkey investment. In addition, the lower level presents an excellent opportunity to further increase revenue through the lease of the basement space for office, retail, storage, fitness, or other permitted commercial uses. Expanding your commercial portfolio or a quality investment with dependable returns and future upside, an opportunity you won't want to miss! (id:13843)
Details
| MLS # | 202618967 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Status | Active |
| Days On Site | 87 |
| Listing Provided By | Sutton - Harrison Realty | Nicole Tibbett |
Features
Interior
| Fireplace Yes / No | No |
|---|
Area Information
| Province | MB |
|---|---|
| City | Neepawa |
| Postal Code | R0J1H0 |
| Listing VS Median (in R0J1H0) | |
Price: $1,600,000 low | high Med: $384,500 On site: 87 low | high Med: 50.5 | |
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Learn More About This Property
| Province | MB |
|---|---|
| City | Neepawa |
| Postal Code | R0J1H0 |
| Listing VS Median (in R0J1H0) | |
Price: $1,600,000 low | high Med: $384,500 On site: 87 low | high Med: 50.5 | |
