New Strata-Titled Lakefront Apartments

Multi-Family for Sale
Catylist Listing ID: 30822752
Property Subtypes: Low-Rise/Garden
Building Status: Proposed
Number of Units: 23 Units
Building Size (RSF): 41,800 SF
Gross Building Area: See Agent
Gross Land Area: 14,902 SF
Sale Price: $5,200,000
Unit Price: $226,086.96 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/24/2022

Overview / Comments

52 Park Avenue is a fully occupied 23-unit new-build apartment in Lac du Bonnet, Manitoba. Situated at the edge of the lake, it has beautiful views overlooking the Winnipeg River and is within walking distance to the public dock and beach, main street retail outlets and amenities, and grocery stores.

Highlights:
• Strata-titled for ease into condominium sales
• Prospective revenue upside as the average rent PSF is lower than other new builds
• 83% 2-bedroom units
• All units have over-sized balconies or a private fenced area
• Underground parkade
• Offered substantially below replacement cost

More information is available in the brochure below.

Additional Details

Tax ID/APN: 17300.200
Zoning: CCO

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Contact

Photograph of Listing Agent

Matt Odger

Colliers International
CPIX® Member
Photograph of Listing Agent

Steven Foubert

Colliers International
CPIX® Member
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