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The Kensington 157 W 3rd St 58 Unit Apartment Building $6,548,352 CAD ($112,903 CAD/Unit) Winona, MN 55987
Executive Summary
Discover this rare opportunity to own the historic Kensington, a premier investment property in the heart of downtown Winona. This vibrant 55+ community pairs a dynamic residential atmosphere with a thriving commercial clientele. Steps away from dining, shopping and entertainment, this well-established property boasts modern amenities, a vibrant social scene, and a loyal resident base. As retirement grows at a record pace, this is a prime moment to invest. The property is meticulously maintained and fully rented. There is also an option to acquire an additional parcel, a large commercial lot with garages and parking offering further development potential. Contact us today to learn more about this exceptional turnkey investment!
Property Facts
| Price | $6,548,352 CAD | Lot Size | 0.57 AC |
| Price Per Unit | $112,903 CAD | Building Size | 55,693 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 58 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1890 |
| Property Subtype | Apartment | Parking Ratio | 0.36/1,000 SF |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | C - Commercial | ||
| Price | $6,548,352 CAD |
| Price Per Unit | $112,903 CAD |
| Sale Type | Investment |
| No. Units | 58 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.57 AC |
| Building Size | 55,693 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 1890 |
| Parking Ratio | 0.36/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | C - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Kitchen
- Range
- Recreation Room
- Smoke Free
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Controlled Access
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Gameroom
- Wheelchair Accessible
- On-Site Retail
- Package Service
- Smoke Free
- Dock
- Elevator
- Maintenance on site
- Multi Use Room
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Moderately walkable
70/100
Moderately drivable
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 32.000.1360 | Improvements Assessment | $3,412,374 CAD |
| Land Assessment | $364,389 CAD | Total Assessment | $3,776,762 CAD |
Property Taxes
Parcel Number
32.000.1360
Land Assessment
$364,389 CAD
Improvements Assessment
$3,412,374 CAD
Total Assessment
$3,776,762 CAD
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The Kensington | 157 W 3rd St
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