Investment for Sale

Sterling Window Lofts

Winnipeg, MB

  • Building Area: 46,640 sq. ft.

Capital Commercial Investment Services (“Capital”) has been retained by the Vendor for the purpose of exclusively marketing for sale a 100% interest in 279-283 Portage Ave. (the “Property”) located in Winnipeg, Manitoba. The property is a rare redeveloped 9-storey, steel frame, mid-rise tower, comprised of 64 renovated apartment suites located in Winnipeg Sports, Hospitality and Entertainment District (SHED) and 3 blocks from Portage & Main. The offering presents an excellent opportunity to acquire both quality and scale in Downtown Winnipeg.

confidentiality agreement

investment highlights

  • Quality: The Property offers investors with the opportunity to acquire a rarely available fully renovated and redeveloped asset in downtown Winnipeg with an established mid-sized rent roll.
  • Stability with Tangible Upside: The current suite mix caters well to tenant demand for the trade area, creating an opportunity for excellent and reliable yield.
  • Prominent Location: The asset is located in the SHED, in close proximity to Portage & Main and Canada Life Centre.
  • Under Replacement Cost: This fully redeveloped concrete multifamily asset provides an opportunity to purchase a fundamentally new asset at a fraction of today’s replacement cost.
  • Building features:
    • Pet Friendly
    • Elevator
    • Building Controlled Air Make-Up
    • Security System with secure entry
    • Non-Smoking Building
    • Penthouse Card Operated Laundry
    • Resident Storage
    • Resident Penthouse Lounge
    • Amenity Space
    • Rooftop Patio & BBQ Area
    • New windows
    • Refurbished elevators
    • Separately metered electrical for each unit