480 Young St, Winnipeg

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. (id:1945)