Multifamily Investment Opportunity
13,337 Sqft - 620 Ellice Avenue, Winnipeg, Manitoba
Cushman & Wakefield | Stevenson (“Cushman”) is pleased to offer for sale a 100% interest in 620-626 Ellice Avenue in Winnipeg, Manitoba (the “Property”) on behalf of Deloitte Restructuring Inc. (the “Receiver”). The Property is made up of 39 recently renovated residential units in good condition, one main floor commercial unit, and a surface parking lot with room for 20 vehicles. The Property boasts excellent exposure along Ellice Avenue and Maryland Street within Winnipeg’s established West End Neighbourhood. The Property is well-positioned to benefit from continual urban revitalization, with easy access and proximity to redeveloping residential neighbourhoods, the Central Business District, the University of Winnipeg and Red River College. The offering represents an exceptional opportunity to acquire an income-producing investment that offers long term value-add opportunity within this changing neighbourhood.
Site Area: 13,337 Square Feet
Year Built: 1909 (Major Renovations 2013 / 2014)
Zoning: RMF-M (Residential Multi-Family Medium)
Total Suites: 39 Suites
Suite Mix: 25 Bachelor, 11 One-Bedroom, 3 Two-Bedroom
Parking: 20 Surface Spaces
Asking Price: $3,450,000
Property Taxes (2019): $48,564
620 Ellice Avenue
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