Multi-Family Redevelopment For Sale

Multi-Family for Sale
Catylist Listing ID: 30403656
Property Subtypes: Mid-Rise
Number of Units: 48 Units
Building Size (RSF): 40,592 SF
Gross Building Area: See Agent
Gross Land Area: 23,269 SF
Sale Price: $1,650,000
Unit Price: $34,375 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/23/2020

Overview / Comments

Premium urban infill site that is a 5 minute walk from the Health Sciences Centre. Currently has 5 storeys of just over 8,100 SF per floor plus a full basement. A new roof and 6th storey have been added to create space for additional suites or a roof top patio. On-site parking available at the rear of the building for approximately 40 stalls. The continued refurbishment in the area including the WHRC redevelopment at 576 McDermot Avenue and the recent sale of 579 McDermot Avenue are encouraging signs of gentrification. This property is well suited for apartments, condominiums, health services accommodations or other redevelopment.

Attachments & Media

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 5A
Tax ID/APN: 13061404100
Zoning: RMF-S
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 6
Parking Type: Surface
Total Parking Spaces: 40
Zoning Description: RMF-S
Lot Frontage: 181.46'
Legal Description: Lot 89 Block 32423 Plan 6/7 Parish of St. James

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Photograph of Listing Agent

Mark Thiessen

RE/MAX professionals
CPIX® Member
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