480 Young Street

Winnipeg, Manitoba

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Building

Stats

  • Property Type Multifamily - Low-Rise/Garden
  • Year built 1912
  • Building size (SF) 16,740
  • Size (Ac) 0.14
  • Price $1,650,000 CAD

Overview

On behalf of MNP Ltd. in its capacity as “Receiver” of 6525785 Manitoba Ltd., Avison Young presents this opportunity to purchase a 24-unit multifamily building located in the Spence neighbourhood adjacent to the up-and-coming West Broadway corridor.

The opportunity allows the 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. The property presents a mix of 1-bachelor suite, 8 – 1 bedroom suites and 15 – 2 bedroom suites. Some areas of the building have been damaged by a fire. Extensive renovations required for multiple suites allows for significant upside. This property will be sold on an “as-is where-is” basis. Electrical, including separately metered suites and HRV system upgrades initiated and in some suites, completed. Please allow 48-hour notice for tours. Tours will be conducted Monday-Friday between 10am – 7pm. Sale will be subject to Court approval.

Location Map

Team

Paul Douglas
Paul Douglas
Principal
Avison Young - CA - MB - Winnipeg
204-560-1504
204-799-5512
Todd Labelle
Todd Labelle
Todd Labelle Personal Real Estate Corporation
Avison Young - CA - MB - Winnipeg
204-560-1509
204-479-9710
Steven Luk Pat
Steven Luk Pat
Associate
Avison Young - CA - MB - Winnipeg
204-560-1512
431-278-9443

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