Multifamily Redevelopment Opportunity

Multi-Family for Sale
Catylist Listing ID: 30415353
Number of Units: See Agent
Building Size (RSF): 4,250 SF
Gross Building Area: See Agent
Gross Land Area: 10,500 SF
Sale Price: $900,000
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/22/2019

Overview / Comments

Century 21 Bachman & Associates has been retained as the exclusive agent to market For Sale 207 Academy Road.

THE INFORMATION:

This building is currently three self-contained condo units between three ownership groups. The building is currently self-managed. Current zoning of the property is R1M – Res – S F – Medium with the property use code of CNCMP – Condo-Complex. The site has an area in excess of +/- 10,000 Square Feet.

THE OPPORTUNITY:

Potential purchasers should view this as a “Redevelopment Opportunity” for sale or rental potential. The land size fits the City of Winnipeg’s criteria for a “RMF-S” Residential Multi-Family Small development with potential for higher density after consultation with the COW. Ability to rent out the condo units until the time a re-zoning has been successfully achieved, there is precedent along Academy for projects alike.

Please contact for further details.

Attachments & Media

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 1C
Zoning: R1M – RES – S F – MEDIUM

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Contact

Photograph of Listing Agent

David-Jeffrey Trudeau

Century 21 Bachman & Assoc. CPIX® Member
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