Riverfront Development Land Opportunity

Vacant Land for Sale
Catylist Listing ID: 30207305
Property Subtypes: Multi-Family
Gross Land Area: 6.44 Acres
Sale Price: $3,695,000
Unit Price: $573,757 Per Acre
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 8/17/2018

Overview / Comments

Colliers’ National Investment Services in Winnipeg is pleased to announce that it has been retained to act as the exclusive agent in the sale of 180 Creek Bend Road in Winnipeg, Manitoba. This offering provides the opportunity to acquire 6.44 acres of premium unique riverfront development land in the neighbourhood of Dakota Crossing. The development parcel borders the 547 acre Precinct ‘K’ approved secondary plan which proposes to extend Creek Bend Road; increasing the property’s accessibility and profile over the long-term.

Offered for sale at $3,695,000 ($13 PSF of assessed land area and $36 PSF of currently estimated usable land area) with all offers to be considered by the Vendor as received.

Features

• Opportunity to acquire 6.44 acres of premium riverfront development land quietly nestled along Creek Bend Road within the residential neighbourhood of Dakota Crossing;
• Exceptional apartment, condominium, or seniors care facility development potential as it borders the 547 acre Precinct ‘K’ approved secondary plan;
• Located in the south St. Vital area of Winnipeg, one of Winnipeg’s fastest growing suburban regions, and surrounded by ample value drivers such as schools, commercial amenities, parks, and numerous trails including the Seine River Greenway; and
• Success of recently completed projects nearby suggest developers can capitalize on the trade area’s profile, momentum, and quality in a truly unique park-like setting.

Please contact Colliers at (204) 943-1600 for more information or visit http://www.collierscanada.com/24134.

Attachments & Media

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 2F
Zoning: RURAL RESIDENTIAL 5 (RR5)


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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