Catylist ID:
#30839289
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 |
| Zoning: | C- MIXED-USE COMMERCIAL AND RESIDENTIAL |
| 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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