364 Princeton Dr

Multi-Family: High-Rise

364 Princeton Dr, ThompsonMB R8N 0A2

Property Details

Location

Address
364 Princeton Dr, ThompsonMB R8N 0A2
County
Winnipeg
Submarket
Parcels
233900.101

Building Size

Building Size
Rentable Space
235,440 SF

Building Details

Type
 Multi-Family: High-Rise
Number of Buildings
Number of Units
275
Occupancy Type
Single Tenant
Percent Occupied
Building Class
Building Status
Existing
Floors
Year Built
Sprinklers
Total Parking
252
Parking Ratio

Land & Utilities

Land (Acres)
8.29 Acres
Land (SF)
361,112 SF
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
R4
Lot Depth
Lot Width

Contacts

Current Listings

Thompson Forest View Suites

235,440 SF$15,500,000
Cushman Wakefield | Stevenson

Immediate Scale

• Ability to acquire and control a significant, well-known asset in the multi-family rental market in Thompson, MB

Significant Value Growth

• Historically low vacancy rates

• Minor renovations and a strong lease-up program will result in excellent returns and property value growth

Attractive Strategic Investment Story

• Free and clear of debt financing – allows purchasers to take advantage of historically low interest rates and CMHC mortgage programs

• Priced well below replacement cost

• Built-to-last concrete and steel construction

• Fee potential for purchasers with third party management and construction companies

• Major components recently upgraded and in good working order

Cushman Wakefield | Stevenson

Immediate Scale

• Ability to acquire and control a significant, well-known asset in the multi-family rental market in Thompson, MB

Significant Value Growth

• Historically low vacancy rates

• Minor renovations and a strong lease-up program will result in excellent returns and property value growth

Attractive Strategic Investment Story

• Free and clear of debt financing – allows purchasers to take advantage of historically low interest rates and CMHC mortgage programs

• Priced well below replacement cost

• Built-to-last concrete and steel construction

• Fee potential for purchasers with third party management and construction companies

• Major components recently upgraded and in good working order

View Details
View Details

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: Winnipeg Regional Real Estate Board

More Information

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