12 Unit Apartment Building For Sale

290 River Avenue Winnipeg, MB R3L 0B8

290 River Avenue , Winnipeg, MB, R3L 0B8, CA
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$3,875,000
Cap Rate:
0.00%
Last Verified:
Jul 11, 2025

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Recently constructed 4-storey apartment with occupancy in 2022. The building includes 12 units, each with 2 bedrooms, 2 bathrooms, in-suite laundry, private balconies, and individual heating and cooling systems. Features include covered grade-level parking (12 stalls), storage areas in the parkade, and an 800-amp main electrical service. Located on the south side of River Avenue between Clarke Street and Lewis Street, the property is across from Fort Rouge Park and between Donald Street and Osborne Street. The site offers walking access to restaurants, cafés, shopping, entertainment, schools, and community amenities, with nearby public transit and direct routes to downtown Winnipeg, The Forks, and the Assiniboine River.

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Map of 290 River Avenue , Winnipeg, MB, R3L 0B8, CA

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.