Multi-Family

28 Woodrow Pl


28 Woodrow Pl
WinnipegMB R3G 1J3

28 Woodrow Pl

Multi-Family: Low-Rise

28 Woodrow Pl, WinnipegMB R3G 1J3

Details

Rentable Space
12,197 SF
Land
0.29 Acre
Zoning
MF
Building Status
Existing
Occupancy Type
Single Tenant
Number of Units
20
Water Utility Available
Yes
Sanitary Sewer Utility Available
Yes
County
Winnipeg

Current Listings

Bulk Condo Sale - 20 Titles

12,197 SF$1,920,000
Avison Young Commercial R. E. (Manitoba)

A rare opportunity to own a character block on the banks of the Assiniboine River overlooking a tree lined River Heights neighbourhood to the South, and the laid back trendy Wolseley neighbourhood to the West. The traditionally low vacancy rates in the area make it attractive for professionals and hospital staff ensuring attractive rental rates and stability.

The Winnipeg Condominium Corporation #74 (WCC 744) Board of Directors has decided to sell their units as a block, as the building requires the following structural work to be completed as per the Crosier Kilgour & Partners Ltd. structural assessment report on the building:

- Piling: $750,000

- Foundation Repair: $150,000

- Waterproofing exterior foundation walls: $100,000

- Exterior wall crack repair and mortar joint repointing: $120,000

The total estimated cost to complete the work is $1,120,000. Prospective buyers will have access to all information available located in a Dropbox folder and are encouraged to seek their own qualified advisors for opinions with respect to financing, renovation estimates, and legal counsel.

Once the investment in the structural stabilization has been completed, the new owner will own a 20 suite apartment block with a superbly located address on the river with beautiful views, on a quiet street across from an elementary school and a short walk to bus, hospital, restaurants, and amenities of the Sherbrook Strip.

Avison Young Commercial R. E. (Manitoba)

A rare opportunity to own a character block on the banks of the Assiniboine River overlooking a tree lined River Heights neighbourhood to the South, and the laid back trendy Wolseley neighbourhood to the West. The traditionally low vacancy rates in the area make it attractive for professionals and hospital staff ensuring attractive rental rates and stability.

The Winnipeg Condominium Corporation #74 (WCC 744) Board of Directors has decided to sell their units as a block, as the building requires the following structural work to be completed as per the Crosier Kilgour & Partners Ltd. structural assessment report on the building:

- Piling: $750,000

- Foundation Repair: $150,000

- Waterproofing exterior foundation walls: $100,000

- Exterior wall crack repair and mortar joint repointing: $120,000

The total estimated cost to complete the work is $1,120,000. Prospective buyers will have access to all information available located in a Dropbox folder and are encouraged to seek their own qualified advisors for opinions with respect to financing, renovation estimates, and legal counsel.

Once the investment in the structural stabilization has been completed, the new owner will own a 20 suite apartment block with a superbly located address on the river with beautiful views, on a quiet street across from an elementary school and a short walk to bus, hospital, restaurants, and amenities of the Sherbrook Strip.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: WinnipegREALTORS®

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