MULTI-RESIDENTIAL INVESTMENT SALE (33 & 26/45 Hargrave)

Multi-Family for Sale
Catylist Listing ID: 30572579
Property Subtypes: High-Rise
Number of Units: 287 Units
Building Size (RSF): 322,207 SF
Gross Building Area: See Agent
Gross Land Area: 37,040 SF
Sale Price: See Agent
Property Use Type: Investment
Building Name: The Hargraves
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 3/30/2020

Overview / Comments

Colliers National Investment Services in Winnipeg is very pleased to announce the concurrent offering of a legacy downtown concrete multifamily high-rise asset, Hargrave Place at 33 Hargrave Street featuring 253 suites, and two fully renovated complimentary low-rise multifamily assets located at 26 and 45 Hargrave Street featuring a combined total of 34 suites. Institutionally owned and managed by Timbercreek, this 287 suite multifamily portfolio of Winnipeg assets is well located in an established and growing urban node and offers prospective purchasers a scaleable apartment portfolio expansion or market entry play, well established tenancy profiles, proven investment performance, and value add potential through building reinvestment strategies.

Features:
Signature urban locations strategically situated in the South Broadway area within a mature and community oriented downtown residential node.

Within walking distance to numerous highly desirable downtown amenities including BellMTS Place, The Forks, RBC Convention Centre, and True North Square.

Upside value potential is available through a new round of investment and property repositioning.

33 Hargrave Street offers 253 suites in a 23-storey concrete high-rise and each asset has been extensively renovated with 33 Hargrave Street and 26/45 Hargrave Street renovated in 2008 and 2011, respectively.

Winnipeg’s broader economy remains strong, diverse, and growing with the urban core transforming to a thriving “Live - Work - Play” neighbourhood.

Offered for sale on an unpriced basis with all offers to be submitted to Colliers International. Please contact Colliers at 204-943-1600 for more information.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 9A
Tax ID/APN: 12092551500
Zoning: D- DOWNTOWN LIVING

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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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