Rare Opportunity: Riverfront Development Land

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30393700
Property Subtypes: Multi-Family, Residential (Single Family), Other
Status: Pending/Contingent
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: 7/13/2021

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

View FullscreenMap


Contact

Photograph of Listing Agent

Todd Labelle

Avison Young Commercial R.E.(Manitoba)
CPIX® Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Winnipeg Regional Real Estate Board nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.