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Oak Tree 604 Main St 21 Unit Apartment Building $5,175,000 CAD ($246,429 CAD/Unit) Oakbank, MB R5N 0N6
INVESTMENT HIGHLIGHTS
- Prominently located in Oakbank, MB along the town’s main thoroughfare.
- Surrounded by a strong mix of service-oriented retailers and restaurants.
- Abundance of natural light.
- Newly built multi-residential asset with low historical vacancy.
- Ample parking.
EXECUTIVE SUMMARY
The Property is prominently located in Oakbank, along the Town’s main thoroughfare. Oakbank, a well-appointed bedroom community east of Winnipeg, presents low overall market vacancy with limited multifamily offerings of similar quality. The new-build nature of the asset offers investors exemption from RTB rent controls for approximately 11 more years and limited exposure to near-term capital expenditures.
PROPERTY FACTS
| Price | $5,175,000 CAD | Building Class | C |
| Price Per Unit | $246,429 CAD | Lot Size | 0.67 AC |
| Sale Type | Investment | Building Size | 29,155 SF |
| No. Units | 21 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1990 |
| Property Subtype | Apartment | Parking Ratio | 0.55/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RMF - Multi Family High Density Residential | ||
| Price | $5,175,000 CAD |
| Price Per Unit | $246,429 CAD |
| Sale Type | Investment |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.67 AC |
| Building Size | 29,155 SF |
| No. Stories | 3 |
| Year Built | 1990 |
| Parking Ratio | 0.55/1,000 SF |
| Zoning | RMF - Multi Family High Density Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Smoke Free
- Storage Space
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CONTACTS
-
Trevor Clay -
Bryn Oliver -
Luke Paulsen -
Capital Commercial Real Estate Services Inc.
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Oak Tree | 604 Main St
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