$1,600,000
342 Mountain Avenue, Neepawa
MLS® Number: 202618967
Description
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!Property Summary
Property Type
Retail Building for Sale
Community
Neepawa
Neighbourhood
Beautiful Plains
