Investment Opportunity For Sale

Multi-Family for Sale
Catylist Listing ID: 30850730
Property Subtypes: Low-Rise/Garden
Number of Units: 24 Units
Building Size (RSF): 16,740 SF
Gross Land Area: 5,949 SF
Sale Price: $2,030,000
Unit Price: $84,583.33 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 8/28/2023

Overview / Comments

On behalf of MNP Ltd. in its capacity as “Receiver” of 6525785 Manitoba Ltd., Avison Young presents this opportunity to purchase a 24-unit multifamily building located in the Spence neighbourhood adjacent to the up-and-coming West Broadway corridor.

The opportunity allows the investor to acquire an income generating asset in an area that presents consistent demand for affordable rental housing due to its proximity to downtown Winnipeg and the U of W.

The property presents a mix of 1-bachelor suite, 8 – 1 bedroom suites and 15 – 2 bedroom suites. Some areas of the building have been damaged by a fire. Extensive renovations required for multiple suites allows for significant upside. This property will be sold on an “as-is where-is” basis. Electrical, including separately metered suites and HRV system upgrades initiated and in some suites, completed.

Please allow 48-hour notice for tours. Tours will be conducted Monday-Friday between 10am – 7pm. Sale will be subject to Court approval.

Attachments & Media

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Tax ID/APN: 13051231000
Zoning: R2

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Photograph of Listing Agent

Todd Labelle Personal Real Estate Corporation

Avison Young CPIX® Member
Photograph of Listing Agent

Paul Douglas

Avison Young CPIX® Member
Photograph of Listing Agent

Steven Luk Pat

Avison Young CPIX® Member
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