St. Malo - Commercial / Multi-Family Opportunity

Multi-Family for Sale
Catylist Listing ID: 30839289
Property Subtypes: Duplex/Fourplex, Mixed Use
Number of Units: 8 Units
Building Size (RSF): 11,550 SF
Gross Land Area: 26,400 SF
Sale Price: $1,650,000
Unit Price: $206,250 Per Unit
Property Use Type: Investment
Building Name: The Beach House
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/30/2023

Overview / Comments

Add to your Real Estate Portfolio / Solid Investment Opportunity
The property offers an opportunity to gain immediate investment scale with an established rent roll. The property is nestled in the bustling community center while being situated adjacent to Hwy 59 a major transit route with surrounding amenities. The local real estate market has low supply of commercial properties of this caliber that have come to market with few recent transactions.

Live/ Work Investment
Retired or seeking a quiet country life for your family? Be apart of a vibrant community. Enjoy managing this investment living in one of the beautifully designed, large light filled open-style suites with all the amenities of a growing town. The St Malo Sports Arena has undergone recent upgrades, an investment of $1.5 million, and is a significant part of the community and home to several professional hockey players. Right next door, the school has undergone a $16 million upgrade with a brand-new 23,000 sq ft addition, added classrooms and a gym.

Commercial Units: Impressive main floor commercial units have great space with large street front windows providing natural light for a great work environment. With just over 3,000 sq ft available for lease, with shared kitchen and bathrooms facilities. Surveillance cameras, high speed wi-fi and much more!
Ample parking for tenants and visitors alike. This building has been beautifully upgraded by the current owner.

4 Residential Suites: Beautifully modern designed suites with large open-style kitchen and living rooms with gas fireplaces. Fully rented on a yearly basis.
Unit 1-1300+ sq. ft. 2 bedrooms / 2 bath,
Unit 2- 1200+ sq. ft. 2 bedrooms / 2 & 1/2 bath,
Unit 3- 1000+ sq. ft. 2 bedroom / 2 & 1/2 bath
Unit 4- 1000+ sq. ft. 2 bedroom / 2 bath.

Attachments & Media

Additional Details

Nearest MSA: Steinbach
Market: Division No. 11
Tax ID/APN: 181610.000
Highway Access: St. Malo, Manitoba is 45 minutes from Winnipeg south on Hwy 59 and only 30 minutes to the USA border.
Site Description: Property site area of 200 ft x 132 ft, 0.6 acres, 26,400 sf ( per assessment) on the Main Street with good traffic flow.
Area Description: The town of St. Malo is next to the St.Malo Provicial Park, a thriving beach community with its many outdoor activities in both summer and winter. Beaches, camping, farmers market, schools, grocery store, fire department and daycare are but a few of the many attractions and services.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1953
Year Renovated: 2020
Roof Type: Flat
Exterior Description: Cement board siding- cultured stone
Parking Type: Surface
Parking Description: Asphalt,electrified
Total Parking Spaces: 29
Passenger Elevators: 1
Laundry: In Each Unit
Heat Type: Natural Gas
Zoning Description: C- Mixed-Use
Lot Frontage: 200
Lot Depth: 132
Water Service: Municipal
Sewer Type: Municipal

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Photograph of Listing Agent

Monique Polack

RE/MAX One Group CPIX® Member
Photograph of Listing Agent

Sean C. Kirady

RE/MAX One Group CPIX® Member
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