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1 Mayfair Pl 8,300 SF Specialty Building Offered at $794,086 in Winnipeg, MB R3L 0A4
Investment Highlights
- Previously operated as a group home with ±40 residents
- Site is a prime multifamily redevelopment opportunity.
- Vendor financing available for qualified purchasers.
- Strong value-add potential to take advantage of affordable housing and CMHC financing incentives.
- Possibility to generate interim holding income during redevelopment process.
Executive Summary
1 Mayfair Place is a riverfront property that is ideally situated between Osborne Village and Downtown Winnipeg, and is surrounded by community amenities and major transportation corridors. The property was previously operated as a 40-person group home, and now offers significant value-add potential to renovate and reposition the building to a higher rental standard. This RMF-M zoned site offers a prime multifamily redevelopment opportunity suitable for a mix of housing types, from market rate apartments to affordable housing. Qualified purchasers can take advantage of attractive financing through CMHC and/or a vendor take-back mortgage.
Property Facts
| Price | $794,086 USD | Building Class | B |
| Price Per SF | $95.67 USD | Lot Size | 0.35 AC |
| Sale Type | Investment | Building Size | 8,300 SF |
| Sale Condition | Redevelopment Project | No. Stories | 3 |
| Property Type | Specialty | Year Built | 2010 |
| Zoning | RMF-M - Multi-Family | ||
| Price | $794,086 USD |
| Price Per SF | $95.67 USD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Specialty |
| Building Class | B |
| Lot Size | 0.35 AC |
| Building Size | 8,300 SF |
| No. Stories | 3 |
| Year Built | 2010 |
| Zoning | RMF-M - Multi-Family |
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Exceptionally walkable
90/100
Very drivable
80/100
Strong public transit
80/100
Very bikeable
80/100
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1 Mayfair Pl
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