Catylist ID:
#30856332
| 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 |
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