North St. Boniface Multi-Family Land For Sale

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30168514
Status: Pending
Building Status: Proposed
Number of Units: 40 Units
Building Size (RSF): 30,512 SF
Gross Building Area: See Agent
Gross Land Area: 31,587 SF
Sale Price: $1,395,000
Unit Price: $34,875 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 1/31/2018

Overview / Comments

CONDITIONALLY SOLD. 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 173 Notre Dame Street in Winnipeg, Manitoba. A rare and truly unique opportunity to acquire 0.73
acres of premium redevelopment land on the corner of Notre Dame Street and St. Joseph Street in the flourishing residential neighbourhood of North St. Boniface. The subject property is quietly nestled within the culturally rich neighbourhood of North St. Boniface with convenient access to services and amenities including St. Boniface Hospital, boutique shoppes and restaurants which line Provencher Boulevard, and numerous parks and historical sites.

Features :
• Exceptional multi-family apartment, condominium, seniors care facility, or mixed-use development potential due in part to a lack of development sites of this scale in this premium neighbourhood;
• Low concentration of multi-family developments in the trade area, future redevelopment of adjacent Parmalat building, and the success of recently completed projects nearby suggest developers can capitalize on Winnipeg’s strong housing fundamentals;
• Offered clear of mortgage encumbrances; and
• Price reduced to $1,395,000 ($44 per square foot of site area) with all offers to be considered by the Vendor as received.

Contact Colliers at 204-943-1600 for more information or visit www.collierscanada.com/winnipeg

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 2A
Zoning: RMF-M


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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