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Home MB Greater Winnipeg Winnipeg Spence
480 Young St
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480 Young St $1,650,000
$1,650,000
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480 Young St
Winnipeg, Manitoba R3B2S6

MLS® Number: 64c1668c8da87c625f0f665f

Listing Description

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.\n\nThe 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.\n\nThe 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.\n\nPlease allow 48-hour notice for tours. Tours will be conducted Monday-Friday between 10am – 7pm. Sale will be subject to Court approval. (6416688902588106)

Property Summary

Property Type
Multi-family
Land Size
0.14 ac
Time on REALTOR.ca
214 days

Building

Building Features
Construction Status
Complete
Total Units
24
Utilities
Utility Sewer
Sanitary sewer
Business
Business Name
Investment Opportunity For Sale

Measurements

Square Footage
16740 sqft
Exterior Building Size
16740 sqft

Land

Other Property Information
Zoning Description
R2
Data provided by: Winnipeg Regional Real Estate Board 1240 Portage Avenue, Winnipeg, Manitoba R3G 0T6
204-799-5512
204-594-9408
Book showing
431-278-9443
204-594-9408
Book showing

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