Legacy Apartment Portfolio For Sale - 174 Units Across Six Buildings

Multi-Family for Sale
Catylist Listing ID: 30536483
Property Subtypes: Low-Rise/Garden
Number of Units: 174 Units
Building Size (RSF): 40,572 SF
Gross Building Area: See Agent
Gross Land Area: 146,788 SF
Sale Price: See Agent
Property Use Type: Investment
Building Name: W.J. Christie & Co. Ltd. Apartment Portfolio
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 11/27/2019

Overview / Comments

Colliers National Investment Services in Winnipeg is pleased to announce the concurrent offering of the six (6) property 174 suite W.J. Christie & Co. Ltd. apartment portfolio situated in the heart of high quality and family orientated residential neighbourhoods, including River Heights, Osborne Village, St. Vital, and Elmwood. Founded in 1897 as a real estate company, W.J. Christie & Co. Ltd. was acquired by the McKinnon family in the late 1970’s and continues to be operated by family members today offering prospective purchasers an exciting apartment portfolio backed by strong operational history, well established tenancy profiles, and proven legacy buildings in the Winnipeg market with superb value-add and repositioning potential.

Offered for sale on an unpriced basis with all offers to be submitted to Colliers International on or after Thursday, December 12th, 2019 with the Vendor open to the consideration of portfolio or individual asset bids.

Features:

1.All assets are strategically situated in the heart of some of the fastest growing and most desirable locations in Winnipeg.
2. Affordability focused portfolio with an average rent of $774 per month or only $1.13 per square foot.
3. Low registered rents provide significant value potential by way of a new round of investment and property repositioning.
4. Offered for sale clear title creating numerous conventional and CMHC insured debt opportunities.

Please download the flyer for more information or contact Colliers at 204-943-1600.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 1B
Tax ID/APN: 12021869100
Zoning: RMF

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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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