RARE OPPORTUNITY!

Retail-Commercial for Sale
Catylist Listing ID: 30736345
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 4,200 SF
Gross Building Area: See Agent
Gross Land Area: 8,463 SF
Sale Price: $1,950,000
Unit Price: $464.29 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/29/2021

Overview / Comments

Iconic Osborne Village location available to purchase! The long time owner of this property is ready to retire and part ways with his beloved property. Now is the time to capitalize on a once in a lifetime opportunity to acquire one of the best retail locations in Winnipeg. We are on the verge of coming out of a long term depression for restaurant businesses in Winnipeg due to COVID so with the pent-up demand forecast to be coming soon this is an incredible opportunity to revive this restaurant to it's former glory. The building is fully fixtured and is in true "turnkey condition" with the owner just completing a re-modeling of the restaurant area. The property includes a truly incredible outdoor patio area that was once voted as one of the top patios in Canada! Convenient on site parking for 10 vehicles.

This is also an excellent opportunity for developers to consider re-developing the property as a new building for retail/office/residential use.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Tax ID/APN: 12031760500
Zoning: C2 COMMERCIAL COMMUNITY
Property Located Between: River & Stradbrook
Property Visibility: Excellent
Number of Stories: 1
Property Condition: Excellent
Total Parking Spaces: 10
Parking Type: Surface

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Contact

Photograph of Listing Agent

David Bergman

RE/MAX professionals
CPIX® Member
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