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: |
$1,950,000 |
| Unit Price: |
$40,625 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
11/25/2019 |
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.
|
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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