Catylist ID:
#30650839
| Catylist Listing ID: | 30650839 |
| Property Subtypes: | High-Rise |
| Number of Units: | 275 Units |
| Building Size (RSF): | 235,440 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 8.29 Acres |
| Sale Price: | $15,500,000 |
| Unit Price: | $56,363.64 Per Unit |
| Property Use Type: | Net Leased Investment (NNN), Vacant/Owner-User |
| Sale Terms: | Undisclosed |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/12/2021 |
Overview / Comments
|
Immediate Scale • Ability to acquire and control a significant, well-known asset in the multi-family rental market in Thompson, MB Significant Value Growth • Historically low vacancy rates • Minor renovations and a strong lease-up program will result in excellent returns and property value growth Attractive Strategic Investment Story • Free and clear of debt financing – allows purchasers to take advantage of historically low interest rates and CMHC mortgage programs • Priced well below replacement cost • Built-to-last concrete and steel construction • Fee potential for purchasers with third party management and construction companies • Major components recently upgraded and in good working order |
Attachments & Media
Additional Details
| Nearest MSA: | Thompson |
| Market: | Winnipeg |
| Submarket/Township: | R41 |
| Tax ID/APN: | 233900.101 |
| Zoning: | R4 |
| Community Amenities: | Indoor Pool |
| Parking Type: | Surface |
| Total Parking Spaces: | 252 |
| Laundry: | Shared |
Contact
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