Turn Key, Value Add Multi-Family Investment

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30172483
Property Subtypes: Low-Rise/Garden
Status: Pending/Contingent
Number of Units: 11 Units
Building Size (RSF): 7,200 SF
Gross Building Area: See Agent
Gross Land Area: 6,142 SF
Sale Price: $939,364
Unit Price: $85,396.73 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 3/19/2018

Overview / Comments

CONDITIONALLY SOLD. On behalf of a Winnipeg based family ownership group, Colliers International in Winnipeg is very pleased to offer for sale 142 Furby Street.

- 2 1/2 storey walk-up apartment building located south of Broadway in the Memorial area of Winnipeg;
- Featuring almost all one-bedroom suites and within walking distance of Misericordia Health Centre;
- Priced well below replacement cost; and
- 100% occupied with on-site parking.

Offered for sale at $939,364* ($85,397 per suite) with offers to be considered by the Vendor as received.

* The Offering Price includes the Vendor’s cost of discharging and repaying the RRAP mortgage which has an outstanding balance of $59,364 as at January 1st, 2018. Should prospective purchasers elect to assume the RRAP grant, the Offering Price shall be reduced by $59,364 to $880,000 or $80,000 per suite.

For more information, please contact Colliers at 204-943-1600 or visit www.collierscanada.com/winnipeg.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 5A
Zoning: R2


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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