579 McDermot: Multi-Family Development

Multi-Family for Sale
Catylist Listing ID: 30497497
Property Subtypes: Mixed Use, Other
Number of Units: 35 Units
Building Size (RSF): 40,260 SF
Gross Building Area: See Agent
Gross Land Area: 8,121 SF
Sale Price: $1,200,000
Unit Price: $34,285.71 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/17/2019

Overview / Comments

RMFS Zoning already in place; 4 minute walk from HSC. This is a prime development opportunity, ideally situated to take advantage of the proximity to the hospital. Very solid construction: brick and beam throughout. Dock loading at back of building. Completed appraised value of $4.9MM.

Number of units is based on proposed plans of 7 units per floor; plans will vary according to developer's individual plans.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 5A
Tax ID/APN: 13061424000
Zoning: RMFS
Freight Elevators: 1
Legal Description: Lots 1 and 2, Plan 367 WLTO (W div).

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Photograph of Listing Agent

Cliff Dyck

Coldwell Banker Preferred R. E.
CPIX® Member
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