755 Luxton Place
755 Luxton Place
Offers: May 29th at noon!
7-Unit Multifamily Investment Property with Redevelopment Potential in Winnipeg
Looking for a project with serious upside potential? This 7-unit multifamily property offers the kind of flexibility investors, renovators, and developers are always watching for — but rarely find.
Set on three titled city lots with multifamily zoning already in place, this property opens the door to several possible paths forward. For some buyers, the value may lie in the land itself and the potential for a larger redevelopment vision. For others, the opportunity may be in keeping the existing building, completing a substantial renovation, and repositioning the property to increase rental income through a BRRR-style strategy.
The building is currently configured with two 2-bedroom suites, four 1-bedroom suites, and one bachelor suite. It has served as a solid, predictable income generator for its long-time owner and can be sold with vacant possession, giving the next buyer a cleaner slate to plan renovations, leasing strategy, or future use.
There is also a large basement that may offer further development potential, along with ample rear parking and plug-in stalls — practical features that add function for both ownership and future tenants.
The location adds another layer of appeal. Public transportation is just steps away, offering easy access to downtown, while adjacent green space provides a rare added benefit in an urban multifamily setting.
Whether you are looking to expand your portfolio, reposition an income-producing property, explore a BRRR investment, or investigate future redevelopment possibilities, this is a blank canvas with serious long-term upside.
Buyers are encouraged to complete their own due diligence regarding zoning, development potential, permits, and future use. Vacant possession available.
📞 Book your private showing today with The Queen Team at 204.813.7655
Property Details
$699,900
7-unit multifamily property
5,000 sq ft
Top Features
7-unit multifamily investment property
5,000 sq ft building on a large lot
Mix of 2-bedroom, 1-bedroom & bachelor suites
Strong value-add & redevelopment potential
Large basement with future development possibilities
Ample rear parking with plug-in stalls
Vacant possession available
Great opportunity for investors
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If you would like more information or would like to request a showing, feel free to reach out anytime!