Brandon Apartment Portfolio

Multi-Family for Sale
Catylist Listing ID: 30856332
Property Subtypes: Mid-Rise
Number of Units: 108 Units
Building Size (RSF): 117,396 SF
Gross Building Area: See Agent
Gross Land Area: 3.81 SF
Sale Price: $26,000,000
Unit Price: $240,740.74 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/20/2023

Overview / Comments

Cushman & Wakefield | Stevenson Investment Team ("CWSIT") is pleased to offer for sale a 100% freehold interest in three new construction multi family assets totalling 153 units located at 512 Princess Avenue (“Princess”), 531 Queens Avenue East (“Queens”) along with 500 Swanson Avenue & 501 Braecrest Drive (“Hilltop”) in Brandon, MB (collectively marketed as the “Portfolio”), on behalf of the Vendor(s).

Princess is an infill 3-Storey walk up rental building asset located at the southwest corner of Princess Avenue and 5th Street in Brandon, MB. This modern, well located asset is walking distance from Brandon University, Assiniboine Community College and Brandon’s Central Business District.
Queens features 21 stacked townhome rental assets throughout four clusters efficiently designed fronting Queens Avenue between Driftwood Crescent and Elderwood Drive in Brandon, MB. Located in Southeast Brandon and designed exclusively as three bedroom units located in a quiet family neighbourhood adjacent to Green Acres School, offering pristine park settings and family amenities for tenants.

As the most recent construction within the Portfolio, Hilltop is a 6 building 108 Unit rental complex located at the corner of Braecrest Drive and Swanson Avenue in the Highland Park subdivision in North Brandon. This amenity rich area is minutes from the Coral Centre, Brandon’s largest mixed retail destination development anchored by Walmart and Home Depot as well as Brandon’s Community Sportsplex.

Attachments & Media

Additional Details

Nearest MSA: Brandon
Market: Winnipeg
Tax ID/APN: 391789.000
Zoning: CG

View FullscreenMap


Photograph of Listing Agent

Chris Macsymic Personal Real Estate Corporation

Cushman Wakefield | Stevenson CPIX® Member
© Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Winnipeg Regional Real Estate Board nor Moody's assume any liability for errors or omissions.