56,000 ft²MultifamilyPrice
56,000 ft²
Multifamily
Price
This listing was closed on 2022-12-21
Avison young is pleased to offer for sale 100% interest in Northcott Grove Residences. A shovel ready development property located in the south west corner of 1st Street North and Centre Avenue in Brandon, MB.
The property is offered for sale at $ 1,550,000 plus GST (100% Share sale of bare trustee company (Land Transfer Tax Savings) (Offered for sale at just over $ 32,000 per unit)
All offers to be submitted prior to June 20th and presented to the Vendor as received at the earliest of that date.
- Land size: 56,000 sf or 1.29 acres - 200 ft frontage along 1st Street North and 280 ft depth
- Zoning: CG GC – Commercial General (suitable for Multi Residential development)s
- Shovel ready land with approved plans to build 3 storey walk-ups
- Approved design to build 2 - 24 unit apartment blocks
- 48 suites of 2 bedrooms with balconies of 880 sf
- Part of Phase 3 development adjacent to 2 - 48 suite condo and apartments
- Ample space for 73 paved parking spots
- New development agreement signed by current owner
- City approved new civil and structural engineering plans
- Site services including water, hydro, gas, phone, lights and paving
- Waste and storm sewers extended from previous phases ($500,000 value)
- Landscape design
The Space
Available Space56,000 ft²
SourceBuildout
The Building - Northcott Grove Residences
Brandon, MB
Property TypeMultifamily
Floors3
Building Size56,000 ft²