CONDITIONALLY SOLD - 277 Langside Street

For Sale

277 Langside Street, Winnipeg, MB R3C 1Z9

This Winnipeg property for sale is located at 277 Langside Street. The current listed sale price for CONDITIONALLY SOLD - 277 Langside Street is $4,200,000. CONDITIONALLY SOLD - 277 Langside Street is situated on a lot that is 0.35 acre in size.

Contacts

broker
Brennan Pratt

P3 Realty Services Inc.

Associate, Commercial Sales & Leasing

Property Details

  • Property Type Multi-Family
  • Property Size 37,884 SF
  • Units 47
  • Lot Size 0.35 Acre
  • Cap Rate % 5.08
  • NOI / YR $213,124.00
  • Additional Rent Contact for pricing
  • # of Floors 5
  • Parking Spaces Avail. 28
  • Parking Ratio 0.74 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 1974
  • Year Renovated 2004
  • Date Updated Aug 12, 2024

P3 Realty is pleased to announce the offering of this locally managed 47 suite apartment building situated in West Broadway in Winnipeg. This fully occupied apartment, built in 1974, has been meticulously maintained by its long-standing owner and will offer the next owner a steady foundation of success off which to build.

 

FEATURES

 

• 100% leased, providing a stable income, and with 47 units, this asset is of a manageable scale.

• Winnipeg's apartment market is currently experiencing remarkably low vacancy rates, making apartments a top-performing asset due to strong demand for housing.

• Clear of financing, resulting in flexible acquisition financing and repositioning potential through CMHC.

• The building features an efficient design and has been impeccably maintained by the current owner, with multiple long-term tenancies in place.

• Significant value add potential through suite renovation and capital investments.

 

Offered For Sale at $4,200,000 ($89,362 per unit) with all offers to be considered by the Vendor on or after June 21st, 2024 at 3 PM.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

  • 96/100

    Walk Score ®

  • 85/100

    Transit Score ®

  • 99/100

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Location

  • City Winnipeg, MB
  • Neighborhood West Broadway
  • Postal Code R3C 1Z9

Points of Interest

  • Winnipeg

    0.99 miles

  • Train Ride

    3.73 miles

  • Inkster Junction

    6.76 miles

  • Shell

    0.16 miles

  • Esso

    0.51 miles

  • Domo

    0.98 miles

  • FLO

    1.12 miles

  • Tesla Destination Charger

    1.20 miles

  • Co-op

    1.26 miles

  • Red River Co-Op

    1.26 miles

  • Co-op Gas Bar

    1.26 miles

  • Tesla Supercharger

    1.86 miles

  • Impark

    0.67 miles

  • Indigo

    0.70 miles

  • Holiday Inn & Suites Winnipeg Downtown

    0.36 miles

  • Hotel Royal Plaza

    0.55 miles

  • Delta Hotels

    0.59 miles

  • Hampton

    0.65 miles

  • Alt Hotel Winnipeg

    0.72 miles

  • Radisson Hotel Winnipeg Downtown

    0.77 miles

  • The New Balmoral Hotel

    0.81 miles

  • The Marlborough Hotel

    0.83 miles

  • Hotel Fort Garry

    0.87 miles

  • Humphrey Inn & Suites

    0.92 miles

  • The AnX

    0.35 miles

  • Food Fare

    0.40 miles

  • Sukh Supermarket

    0.51 miles

  • Portage Place

    0.52 miles

  • FreshCo

    0.63 miles

  • Safeway

    0.63 miles

  • Foodfare

    0.63 miles

  • Cityplace

    0.65 miles

  • Downtown Family Foods

    0.69 miles

  • Giant Tiger

    0.79 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Brennan Pratt

P3 Realty Services Inc.

Associate, Commercial Sales & Leasing