Thompson Forest View Suites

Multi-Family for Sale
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: 9/23/2022

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

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