1501 Gateway Rd

Retail-Commercial for Sale
Also listed as Shopping Center
Catylist Listing ID: 30322110
Property Subtypes: Mixed Use, Restaurant, Street Retail, Other
Building Size (RSF): 25,869 SF
Gross Land Area: 70,855 SF
Sale Price: $4,777,000
Unit Price: $184.66 PSF
Property Use Type: Investment
Building Name: All Season Estates Shopping Centre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/12/2019

Overview / Comments

–––––––––PRICE REDUCTION TO $4,999,000––––––––––-

The property is located in an upscale residential area next to Bunn's Creek is continuously totally leased and some of the tenants are long term. There are consistent prospective tenant rental inquiries for space.

Recent upgrades to the exterior of the building total approx. $220,000 includes new roof, stucco front and rear of building, painting, new asphalt parking lot, soffits, lighting etc.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 3H
Taxing Authority: WInnipeg
Zoning: C2 - COM
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Gateway and Sun Valley Drive
Property Visibility: Excellent
Largest Nearby Street: Gateway
Site Description: One of the best in the area next to Bunns Creek
Area Description: Upscale residential area
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1979
Year Renovated: 2018
Roof Type: Flat
Exterior Description: Stucco Brick Wood
Parking Type: Surface
Parking Description: New asphalt parking lot
Heat Type: Electricity
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Excellent
Zoning Description: com 1
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Part of Lot Block 22 plan 12955 Parish Lot 49: 55k

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Photograph of Listing Agent

Edward Yuzak

Sutton Group - Kilkenny
CPIX® Member
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