Osborne Village Multi-Residential Investment Opportunity

Multi-Family for Sale
Catylist Listing ID: 30205387
Property Subtypes: Mid-Rise
Number of Units: 30 Units
Building Size (RSF): 26,300 SF
Gross Land Area: 13,189 SF
Sale Price: $8,900,000
Unit Price: $296,666.67 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 1/31/2018

Overview / Comments

Colliers’ National Investment Services in Winnipeg is pleased to announce that it has been retained to act as the exclusive agent in the sale of 373 River Avenue in Winnipeg, Manitoba. This multi-residential property is newly constructed and 100% leased to Transitional Living Centres, a community based residential rehabilitation services organization.

Offered for sale at $8,900,000 ($338 psf of gross building area) with all offers to be considered by the Vendor as received.

Features

• Opportunity to acquire a newly constructed mid-rise single-tenant residential property with an Osborne Village address and a prominent location along River Avenue;
• Fully leased to Transitional Living Centres until February 2027, a for profit community based residential rehabilitation services organization, with in-place contractual rental rate increases acting as a hedge against inflation;
• Efficiently designed with 30 one-bedroom suites, in-suite laundry and hot water heaters, in-suite PTAC units, balconies, select modified accessible suites, elevator, private courtyard, and 3,300 square feet of main floor office/multi-purpose space;
• Osborne Village is characterized by a vibrant mix of multi-family apartment and condominium complexes, commercial amenities, and located within close proximity to downtown, resulting in a very “walkable” location; and
• Offered clear of mortgage and management encumbrances.

For more information, please contact Colliers at 204-943-1600 or visit www.collierscanada.com

Attachments & Media

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 1B
Zoning: RMF-L (MULTI-FAMILY)


Contact

Photograph of Listing Agent

Donald White

Colliers International - Don White
CPIX® Member
Photograph of Listing Agent

Clarise Mare

Colliers International
CPIX® Member
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