5601 Gordon Rd - Apartments FOR SALE


Regina, SK S4W 0M6
$40,250,000 CAD
780-982-3848
5601 Gordon Rd, Regina, SK for Sale
$40,250,000 CAD
Apartments - FOR SALE
1/21
null | Request Cap Rate

5601 Gordon Rd
Regina, SK S4W 0M6


HIGHLIGHTS

  • Situated in close proximity to major education nodes, entertainment and retail districts, Lewvan Drive, and Ring Road
  • Comprised of 160 suites with a unique suite mix of one- and two-bedroom units that caters to diverse tenants.
  • The CMHC-defined average one bedroom rent in Regina is $1,081.

OVERVIEW

Deveraux Heights (the “Property”) offers investors the opportunity to acquire prominent scale in Harbour Landing, a highly coveted neighbourhood on the Southwest edge of Regina. The Property features an ideal suite mix of one- and two-bedroom units, catering to the unique tenancy demands of the area. Located in close proximity to the Grasslands retail hub, the Property benefits from community amenities including parks, schools, playgrounds, dining, and retail destinations. The Property is located just off Lewvan Drive, allowing for quick access to the Ring Road, downtown, the University of Regina, and Sask Polytechnic, effectively connecting the Property to major education and employment opportunities. The Property has been well-maintained by an institutional owner. Institutional Property Advisors has been selected to exclusively offer Deveraux Heights for sale. The Property is being offered with a List Price of $40,250,000. At this time, offers will be reviewed on an asreceived basis.

FOR SALE DETAILS

PRICE

$40,250,000 CAD

PRICE/SF

$252 CAD /SF

# OF UNITS

160

PRICE/UNIT

$251,563

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Deveraux Heights

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Bradyn ArthInstitutional Property AdvisorsMore Info
780-982-3848

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Bradyn ArthInstitutional Property AdvisorsMore Info
780-982-3848

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.