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Investment Highlights

  • development project
  • board of appeals approved plans
  • stabilized four family included

Executive Summary

++The Breakwater++A rare coastal investment and development opportunity in the heart of Winthrop, Massachusetts. The mixed use property currently consists of a cash-flowing four-unit mixed-use building with stable in-place NOI of 71,300, combined with a Board of Appeals–approved plan to construct a new 12-unit building with podium parking beneath — all on one site steps from the harbor and in the middle of a quaint yet thriving downtown Winthrop. Short commute to Boston Logan Airport, quick access to the MBTA Blue Line and ferry access to downtown Boston.

Property Facts

Price $3,397,752 CAD
Price Per Unit $212,359 CAD
Sale Type Investment
Sale Condition Redevelopment Project
No. Units 16
Property Type Multifamily
Building Class C
Lot Size 0.26 AC
Building Size 14,626 SF
No. Stories 3
Year Built 2026

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 16 - -
Very walkable
80/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
WINT-000029-000000-000083
Land Assessment
$790,699 CAD
Improvements Assessment
$895,458 CAD
Total Assessment
$1,686,157 CAD
  • Listing ID: 39872249

  • Date on Market: 2026-03-23

  • Last Updated:

  • Address: 63-69 Putnam street, Winthrop, MA 02152

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