204-500-5009
580-590 Ballantrae Drive Dr, Winnipeg, MB for Sale
Apartments - FOR SALE
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580-590 Ballantrae Drive Dr
Winnipeg, MB R3T 5W7


HIGHLIGHTS

  • Newly constructed purpose-built rental community.
  • Located in the established Chevrier neighbourhood.
  • Consistent population growth drives upward rent pressure.
  • Walking distance to Save-on-Foods.
  • Five-minute walk to Plaza Station.

OVERVIEW

Insignia I & II is a newly constructed 248-unit purpose-built rental community located in Winnipeg’s established Chevrier neighbourhood. Completed in 2026, the property consists of two six-storey residential buildings featuring a balanced mix of one-bedroom and two-bedroom suites designed to meet the needs of a broad renter demographic. Modern suite finishes include in-suite laundry, air conditioning, contemporary appliances, private balconies, and substantial storage components, creating a functional residential offering positioned for long-term tenant appeal. The asset benefits from an extensive amenity package that supports resident convenience and operational efficiency. Features include two fitness centres, two amenity and games rooms, on-site management offices, secured parking, storage lockers, parcel delivery lockers, controlled access systems, security cameras, elevators, and individually metered hydro. These amenities contribute to a professionally managed rental environment while supporting resident retention and overall property performance. Located within southwest Winnipeg’s amenity-rich Refinery District area, the property offers convenient access to retail, dining, transit, educational institutions, healthcare facilities, and recreational amenities. Residents benefit from proximity to Save-On-Foods, local commercial plazas, Plaza Station and the Southwest Transitway, the University of Manitoba, and Victoria General Hospital. The location also provides connectivity to major transportation routes including Kenaston Boulevard, Pembina Highway, Bishop Grandin Boulevard, and the Perimeter Highway, supporting accessibility throughout the Winnipeg region. Winnipeg’s diversified economy, population growth, and continued demand for quality rental housing further support the property's investment profile. The combination of newly delivered construction, institutional-quality amenities, and a well-connected suburban location positions Insignia I & II as a significant multifamily investment opportunity within one of Manitoba’s largest residential rental markets.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

248

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Insignia Residences

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2026

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.84 AC

LAND SF

341,642 SF

ZONING

-

APN/PARCEL ID

CUSTOM-2159605

ASK ABOUT THIS PROPERTY

204-500-5009

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204-500-5009

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