Rare Opportunity: Riverfront Development Land

Vacant Land for Sale
Catylist Listing ID: 30393700
Property Subtypes: Multi-Family, Residential (Single Family), Other
Gross Land Area: 6.44 Acres
Sale Price: $2,750,000
Unit Price: $427,018 Per Acre
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 10/15/2019

Overview / Comments

- Opportunity to acquire 6.44 acres of the one of the last undeveloped parcels of premium riverfront land in South St. Vital along Creek Bend Road
- Prime location for condominium, apartment or personal care facility in area already proven by multiple successful multifamily developments
- Parks Department to buy back approximately 4 acres of land (exact amount and price to be negotiated between the new purchaser and the City during the rezoning application)
- RMF-M or RMF-S would be supported for rezoning; purchaser is advised to do its due diligence as to design and setbacks that would be required
- Larger density project would require underground parking
- Zoning: RR5-Rural Residential
- Roll number: 08005780000
- Title number: 1187988

Attachments & Media

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 2F
Tax ID/APN: 08005780000
Zoning: RR5
Property Visibility: Good

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Contact

Photograph of Listing Agent

Todd Labelle

Avison Young Commercial R.E.(Manitoba)
CPIX® Member
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