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5 Pioneer S 12 Unit Apartment Building $3,500,000 CAD ($291,667 CAD/Unit) 5% Cap Rate Lorette, MB R5K 0Y7
INVESTMENT HIGHLIGHTS
- Given the age of the property and the per unit rental rate, Evergreen Place is exempt from the Residential Tenancy Act rent control guidelines.
- on-site parking for a total of 24 (12 per side), plus two guest parking spots
- Financing: treat as clear title
- Offered for sale at $3,500,000 at a stabilized income capitalization rate of 5.0%.
- served by municipal water and sewer, hydro, electricity and natural gas
EXECUTIVE SUMMARY
Avison Young is pleased to offer for sale Evergreen Place, an attractive 12 unit townhome rental property located on Pioneer’s Trail in Lorette, Manitoba.
PROPERTY FACTS
| Price | $3,500,000 CAD | Apartment Style | Townhome |
| Price Per Unit | $291,667 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 1.10 AC |
| Cap Rate | 5% | Building Size | 20,064 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2007 |
| Property Subtype | Apartment | ||
| Zoning | RM1 - Residential Multi Unit 1 General | ||
| Price | $3,500,000 CAD |
| Price Per Unit | $291,667 CAD |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 1.10 AC |
| Building Size | 20,064 SF |
| No. Stories | 2 |
| Year Built | 2007 |
| Zoning | RM1 - Residential Multi Unit 1 General |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
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5 Pioneer S
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