Property Highlights
Capital Commercial Investment Services (“Capital”) is pleased to offer for sale a 100% interest in Mansfield Court located at 620-626 Ellice Avenue in Winnipeg, Manitoba (the “Property”) on behalf of VIDA Living. The Property is made up of 39 recently renovated residential suites, one main floor commercial unit, and a 20-stall surface parking lot. The Property offers excellent exposure along Ellice Avenue and Maryland Street within Winnipeg’s established West End Neighbourhood. The Property is well-positioned to benefit from easy access to an established residential neighbourhood, the West End Business District, the University of Winnipeg, and downtown Winnipeg. The offering represents an opportunity to acquire a substantially renovated investment property that offers an excellent opportunity for significant yield. The Property allows for significant upside and NOI growth by increasing the rental rates once renovations have been completed. The residential component of the Property is partially occupied with a tenant mix that is dominated by recent Ukrainian immigrants.
INVESTMENT HIGHLIGHTS
- Substantial unit renovations between 2013-2014
- Excellent opportunity for significant yield
- Exposure along Ellice Avenue and Maryland Street
- Easy access to an established residential neighbourhood, the West End Business District, the University of Winnipeg, and Downtown Winnipeg
