77 Suites Across 5 Apartment Buildings

Multi-Family for Sale
Catylist Listing ID: 30447929
Property Subtypes: Low-Rise/Garden
Number of Units: 77 Units
Building Size (RSF): 71,810 SF
Gross Building Area: See Agent
Gross Land Area: 77,537 SF
Sale Price: $9,795,000
Unit Price: $127,207.79 Per Unit
Property Use Type: Investment
Building Name: Kay Four Properties East Side Apartment Portfolio
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/16/2019

Overview / Comments

Addresses:
800 Roanoke Street, Winnipeg, MB
114 Kildare Avenue East, Winnipeg, MB
122 Kildare Avenue East, Winnipeg, MB
128 Kildare Avenue East, Winnipeg, MB
132 Kildare Avenue East, Winnipeg, MB

Colliers National Investment Services in Winnipeg is pleased to announce the concurrent offering of five well established Winnipeg apartment assets located in the heart of a mature and family orientated Transcona residential node. Professionally managed by Kay Four Properties since 2010, this portfolio of mature apartment assets offers prospective purchasers strong operational history, well established tenancy profiles, and proven investment performance.

Offered for sale at a total portfolio price of $9,795,000 ($127,200 per suite | 5.3% OCR) with all portfolio offers to be considered by the Vendor as received.

1. The portfolio offers scale with 77 suites featuring strong tenant demand and retention;

2. Proven Transcona neighbourhood rental buildings capable of offering affordable rents when compared to new construction at an average rent of just $1.35 PSF;

3. The properties offer attractive and largely masonry construction with a favourable distribution of mainly two-bedroom suites (71 suites);

4. Stabilized investment assets with further value creation upside potential by way of near-term rent increases with the elimination of existing rent discounts; and

5. Offered for sale clear title creating numerous conventional and CMHC insured debt opportunities.

Please contact Colliers at 204-943-1600 for more information or visit http://collierscanada.com/kayfourproperties

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 3M
Zoning: RMF- M

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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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