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399 Graham Av 34 Unit Apartment Building $2,350,000 CAD ($69,118 CAD/Unit) Winnipeg, MB R3C 0L3
Investment Highlights
- Downtown assets south of Portage Avenue in an area where there are very few affordable housing options
- Walking distance from amenities, including the Portage Place Mall, True North Square, Canada Life Centre, and Cityplace Mall
- Located in the heart of downtown Winnipeg
Executive Summary
This apartment building in the heart of Downtown Winnipeg offers prospective purchasers an exciting investment opportunity backed by strong operational history, well established tenants, and the ability to reposition the building substantially lower than market rents. The building contains 25 bachelor suites, 8 one-bedroom suites, and one two-bedroom suite that can be converted to two bachelor suites for a total of 35 units. It also includes 3 commercially used suites on the ground floor. The property benefits from long-standing family ownership and management with attentive maintenance and recent capital upgrades.
Property Facts
| Price | $2,350,000 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $69,118 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.12 AC |
| No. Units | 34 | Building Size | 18,768 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1928 |
| Price | $2,350,000 CAD |
| Price Per Unit | $69,118 CAD |
| Sale Type | Investment |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 18,768 SF |
| No. Stories | 4 |
| Year Built | 1928 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 25 | - | - |
| 1+1 | 8 | - | - |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (100)
Transit Score®
Excellent Transit (79)
Bike Score®
Very Bikeable (86)
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399 Graham Av
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