Urban Square: Apartment Building Close to Downtown Winnipeg, Manitoba

230 Good Street, Winnipeg, MB, R3C 1C3, CA

Description

JLL Capital Markets, Multifamily and Capital Commercial Investment Services (CCIS) have been exclusively retained by the Vendor to market for sale a 100% interest in Urban Square, located at 230 Good Street in Winnipeg, MB (the “Property”). The Property is located in the neighbourhood of West Broadway, in close proximity to Downtown, the University of Winnipeg and Canada Life’s National Head Office. The asset is comprised of 143 well-designed suites, underground parking and a long list of first-class building amenities.

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Attributes

Units

143

Year built

2021

Land area gross

1 acres

Media

Investment highlights

VALUE UPSIDE: The Property is out of rent control for the next 15 years allowing for market rents to be charged without major capital investment
SUPERIOR QUALITY: The Property is less than 5 years old, with high quality interior suite finishes and offers tenants over 21 different suite layouts
WELL-LOCATED: Situated steps from Downtown Winnipeg and the University of Winnipeg, the West Broadway neighborhood is the closest rental area to significant employment and education providers
COMPETITIVE ADVANTAGE: Large suite sizes and the amenity rich nature of the building compared to competitors can command higher rents and attract long-term tenants.