Multifamily Investment Opportunity

Multi-Family for Sale
Catylist Listing ID: 30538886
Property Subtypes: Mixed Use
Number of Units: 39 Units
Building Size (RSF): 13,337 SF
Gross Building Area: See Agent
Gross Land Area: 13,337 SF
Sale Price: $3,450,000
Unit Price: $88,461.54 Per Unit
Property Use Type: Investment
Building Name: Mansfield Court
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 12/4/2019

Overview / Comments

Cushman & Wakefield | Stevenson (“Cushman”) is pleased to offer for sale a 100% interest in 620-626 Ellice Avenue in Winnipeg, Manitoba (the “Property”) on behalf of Deloitte Restructuring Inc. (the “Receiver”). The Property is made up of 39 recently renovated residential units in good condition, one main floor commercial
unit, and a surface parking lot with room for 20 vehicles. The Property boasts excellent exposure along Ellice Avenue and Maryland Street within Winnipeg’s established West End Neighbourhood. The Property is well-positioned to benefit from continual urban revitalization, with easy access and proximity to redeveloping
residential neighbourhoods, the Central Business District, the University of Winnipeg and Red River College. The offering represents an exceptional opportunity to acquire an income-producing investment that offers long term value-add opportunity within this changing neighbourhood.

Attachments & Media

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 5A
Tax ID/APN: 13041008500
Zoning: RMF

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Contact

Photograph of Listing Agent

Jonah Levine

Cushman Wakefield Winnipeg
CPIX® Member
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