Investment for Sale

Westminster Flats

Winnipeg, MB

  • Price: $2,300,000
  • Building Area: 6,225 sq. ft.

The offering

Capital Commercial Investment Services has been retained by the Vendor for the purpose of exclusively marketing for sale a 100% interest in Westminster Flats located at 100 Maryland Street (the “Property”) located in Winnipeg, Manitoba. The property is a 3-storey wood-frame building, comprised of 11 luxury apartment units. The offering presents an excellent opportunity to acquire a luxury apartment building in the Wolseley area.

investment highlights

  • High-Quality Location The Property is located in the desirable Wolseley neighborhood, close to many retail amenities and walkable distance to Downtown Winnipeg, River Heights and the University of Winnipeg campus
  • Suite Features The suites feature in-suite laundry, new stainless-steel appliances, vinyl plank flooring and a balcony. These suites offer spacious layouts, with high-end finishes appealing to a wide range of the rental market, from students, to young professionals
  • Stabilized Asset The property is well stabilized and achieving strong rental rates. There is the added benefit of additional parking income, with one stall dedicated to the Peg City Car Co-Op program
  • Attractive Debt Market Financing to be treated as free and clear, allowing for extremely attractive CMHC mortgage terms to be achieved