Positive Cash Flow – Winnipeg MB
Discover Terra Commons, a 2 building, 2 1/2 Storey, cast-in-place concrete walk-up, originally built in 1958 in the City of Winnipeg Manitoba.
Winnipeg is the vibrant capital of Manitoba located at the geographical centre of North America. Winnipeg has the most diverse economy of major cities in Canada.
Terra Commons was completely re-furbished right down to the studs in 2008. New plumbing and electrical throughout the suites and common area. Everything from Roof, windows, flooring, appliances have been replaced in 2008.
Terra Commons is 46 units of a 340 unit condominium complex that is one of the largest condominium redevelopments in Winnipeg.
While the finishing quality is excellent, so too is the layout. Main living areas (kitchen, living room and dining area) are open-concept. Many Kitchens come with a compact four-foot bar counter, which can be used as a food preparation station and/or eating nook. There’s plenty of cabinet and counter space.
One of the many attractions to Terra Commons for tenants and Owner occupier residents is that the property has Geo-thermal heating with electric rooftop HVAC units and supplemental baseboard heaters; individual meter for each suite This form of heating translates into extremely low heating bills. Each suite is equipped with individually-metered hot water heaters.
Annual Condo Reserve Allocation: $34,000*
*Total allocation is for the entire condominium complex, not just 1215 & 1255 Troy Avenue
“Terra Commons offers a new — and affordable — alternative to buying a relatively ancient single-family home.”
the Developer (GPI) will be adding a $25K Reserve Allocation to the RMA for only 1215 & 1255 Troy Avenue to go towards the future replacement of the hot water tanks in each of the suites.
Terra Commons is located in a residential neighbourhood that currently growing and transforming; new businesses, amenities and conveniences are popping up all over the neighbourhood. Terra Commons being close to schools, malls and major transportation routes offers its residents easy access to downtown and anywhere in Winnipeg.