Property Highlights
Capital Commercial Investment Services has been retained by the Vendor for the purpose of exclusively marketing for sale a 100% interest in the 170 Suite Investment Opportunity (the “Offering”) located in Winnipeg, Manitoba. The Property offers a strategic opportunity for investors to gain scale in the Central Canadian market. The assets are well-located in the City of Winnipeg, offering a stable economy with diverse growth drivers. The property benefits from best-in-class new construction with thoughtful suite layouts and amenities.
INVESTMENT HIGHLIGHTS
Immediate Scale
- The Property offers investors to build a scalable presence in the Winnipeg market
- Paves the way for entry into Winnipeg with a full operating and management platform
Location/Economy
- Located in Winnipeg, the property offers investors access to what is historically one of Canada’s most stable and predictable economies
- Winnipeg continues to benefit from very strong immigration statistics with its population approaching one million people
Excellent Yield
- Offered at a 5% capitalization rate, the Property delivers investors a meaningful spread between CMHC inured interest rates and the going-in capitalization rate
- New-build assets require limited capital investment over the initial 10-year investment horizon
- The Property is exempt from Residential Tenancy Branch rental rate restrictions for 20 years
Best-In-Class Quality
- The Vendor is a proven, high-quality developer within several markets across the country
- The overall structure, age, location, property amenities and finishes offer investors the opportunity to own a strong asset base, out-positioning itself from the rest of the immediate market
- Amenity rich, pet friendly assets
- The Frontier offers two-storey penthouse units, access to steam room(s) within its gym amenities, and underground parking serviced by car wash facilities
