Jubilee Winnipeg Lots 1 & 2

Vacant Land for Sale
Catylist Listing ID: 30182501
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 1.49 - 2.89 Acres
Sale Price: $5,250,000 - 12,500,000
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 10/11/2018

Overview / Comments

• Unique opportunity for developer to acquire two lots which are part of the Jubilee Winnipeg Development and have already been pre-approved for development of 500 units. Buildings will be close by and visible from Pembina Highway.
• Lot 1 is +/-1.49 acres and approved for 290 units, Lot 2 is +/-1.40 acres and approved for 210 units. Can be purchased separately
• The Jubilee Winnipeg development will add up to 900 units, both rental and condos, and will become part of the vibrant and well-established Fort Rouge neighbourhood, with amenities like grocery, community centres and restaurants close-by and within walking distance.
• Within steps of the already developed Jubilee Rapid Transit station, tenants have access to rapid transit and the active transportation systems at their doorstepputting them within minutes of both downtown and South Winnipeg.
• Services are already to the lot-line, and a geothermal system is in place for
developers to utilize, reducing heating costs by 30% to 70% and reducing
cooling costs by 20% to 50% (MB Government).
• Development may also qualify for MB Rental Housing Construction and
Tax Credit program with significant potential financial development

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 1AW

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Contact

Photograph of Listing Agent

Jane Arnot

Cushman Wakefield Winnipeg
CPIX® Member
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