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130-Suite Multifamily Offering 2 Multifamily Properties in Winnipeg, MB
Investment Highlights
- Portfolio of two multifamily buildings totaling 130 suites in Winnipeg’s established Transcona neighborhood.
- Upgraded heating systems, roofs, and mechanicals, providing strong operational reliability.
- Located near schools, parks, retail amenities, and along a major public transit corridor.
- Historically low submarket vacancy rates and sustained rental demand.
- Excellent suite mix of one- and two-bedroom units with significant rent growth potential.
- Canada Mortgage and Housing Corporation financing available with attractive terms.
Executive Summary
Portfolio offering that consists of two adjacent multifamily buildings totaling 130 suites in one of Winnipeg’s strongest rental submarkets, the Transcona neighborhood. Widlake Manor (704 Kildare Avenue East) and Kildare Manor (708 Kildare Avenue East) feature an attractive suite mix of one- and two-bedroom units, delivering operational stability combined with future growth potential.
Situated on 2.85 acres, the properties benefit from direct access to Kildare Avenue East and proximity to numerous community amenities, retail services, and public transit routes. The neighborhood enjoys historically low vacancy rates—currently as low as 0.7%—supporting sustained rental demand. Both buildings are well-maintained with block veneer masonry exteriors, updated roofing systems, PVC windows, and upgraded mechanical systems including Lochinvar boilers replaced in 2015 and 2016.
Investors will value the portfolio’s assumable CMHC financing at below-market interest rates, steady in-place income, and compelling upside through suite renovations and repositioning. Current rents remain below market, presenting an opportunity to elevate performance across both assets.
Situated on 2.85 acres, the properties benefit from direct access to Kildare Avenue East and proximity to numerous community amenities, retail services, and public transit routes. The neighborhood enjoys historically low vacancy rates—currently as low as 0.7%—supporting sustained rental demand. Both buildings are well-maintained with block veneer masonry exteriors, updated roofing systems, PVC windows, and upgraded mechanical systems including Lochinvar boilers replaced in 2015 and 2016.
Investors will value the portfolio’s assumable CMHC financing at below-market interest rates, steady in-place income, and compelling upside through suite renovations and repositioning. Current rents remain below market, presenting an opportunity to elevate performance across both assets.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 87,540 SF |
| Number of Properties | 2 | Total Land Area | 2.85 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 87,540 SF |
| Total Land Area | 2.85 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Kildare Manor
708 Kildare Av E, Winnipeg, MB R2C 0R3 |
Multifamily | 43,970 SF | 1969 | - |
|
Widlake Manor
704 Kildare Av E, Winnipeg, MB R2C 0R2 |
Multifamily | 43,570 SF | 1969 | - |
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Contacts
-
Trevor Clay -
Bryn Oliver -
Luke Paulsen -
Capital Commercial Real Estate Services Inc.
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130-Suite Multifamily Offering
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