737-743 Sargent Av - Apartments FOR SALE


Winnipeg, MB R3E 0B3
$2,600,000 CAD
204-479-9710
737-743 Sargent Av, Winnipeg, MB for Sale
$2,600,000 CAD
Apartments - FOR SALE
1/1
null | Request Cap Rate

737-743 Sargent Av
Winnipeg, MB R3E 0B3


HIGHLIGHTS

  • Located within the West End, one of Winnipeg’s most densely populated ethnically diverse neighbourhoods.
  • Directly on Sargent Avenue, a major thoroughfare filled with a wide range of restaurants, local grocery stores and professional services.
  • Within close proximity to Downtown Winnipeg, the University of Winnipeg and the Polo Park retail node.

OVERVIEW

On behalf of MNP Ltd. in its capacity as Receiver of 5684995 Manitoba Ltd., Avison Young Winnipeg presents this opportunity to purchase a 46-unit multifamily building located in the Daniel McIntyre neighbourhood within close proximity to downtown, Health Sciences Centre and the University of Winnipeg. The opportunity allows an investor to acquire an income generating asset in an area that presents consistent demand for affordable rental housing due to its proximity to downtown Winnipeg and the U of W. Its location is favorable on Sargent Avenue as there are bus stops in the vicinity as well as many shops and services. It is very well situated for Tenants’ convenience. The property presents a mix of 34 - 2 bedroom, 5 - 1 bedroom and 7 – bachelor suites. The building has extensive fire damage in a minimum of five units. The majority of all the units have experienced significant damage in part due to the abrupt abandonment by the previous tenants and their attempts to retrieve personal items from the building. The common areas need to be refinished and no inspection of the roof has been provided.

FOR SALE DETAILS

PRICE

$2,600,000 CAD

PRICE/SF

$119 CAD /SF

# OF UNITS

46

PRICE/UNIT

$56,522

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1914

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,618 SF

ZONING

C2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Todd LabelleAvison YoungMore Info
204-479-9710

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Todd LabelleAvison YoungMore Info
204-479-9710

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