Investment Opportunity

On behalf of MNP Ltd. in its capacity as Receiver of 5684995 Manitoba Ltd., Avison Young Winnipeg presents this opportunity to purchase a 46-unit multifamily building located in the Daniel McIntyre neighbourhood within close proximity to downtown, Health Sciences Centre and the University of Winnipeg. The opportunity allows an investor to acquire an income generating asset in an area that presents consistent demand for affordable rental housing due to its proximity to downtown Winnipeg and the U of W. Its location is favorable on Sargent Avenue as there are bus stops in the vicinity as well as many shops and services. It is very well situated for Tenants’ convenience.

The property presents a mix of 34 - 2 bedroom, 5 - 1 bedroom and 7 – bachelor suites. The building has extensive fire damage in a minimum of five units. The majority of all the units have experienced significant damage in part due to the abrupt abandonment by the previous tenants and their attempts to retrieve personal items from the building. The common areas need to be refinished and no inspection of the roof has been provided.

The property will be sold on an “as-is where-is” basis. Please allow 48-hour notice for tours. Tours will be conducted Monday – Friday between 10am – 5pm. Sale will be subject to Court approval.