Mixed-Use Commercial Investment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30546490
Property Subtypes: Mixed Use
Building Size (RSF): 18,173 SF
Gross Land Area: 18,000 SF
Sale Price: $2,495,000
Unit Price: $137.29 PSF
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 12/20/2019

Overview / Comments

Colliers’ National Investment Services in Winnipeg is pleased to announce that we have been retained to act as the exclusive agent in the sale of 329 Cumberland Avenue. Built in 1908 and featuring a 34 stall surface parking lot, this well located mixed-use commercial asset was once home to blue jeans, down coats, and fur garment factories and it is now proudly home to a trendy and complimentary mix of service, shop, and gallery oriented tenants.

Offered for sale at $2,495,000 ($137 Per SF|~6.0% OCR) with all expressions of interest to be reviewed and considered by the Vendor as received.

Features:

1. Boutique investment profile;
2. Strategic downtown Winnipeg location only minutes to Portage & Main;
3. Fully leased to a diverse mix of specialty service providers, shops, and galleries;
4. Ownership and control of a rarely offered and profitable 34 stall parking lot; and
5. Offered clear of mortgage and management encumbrances.

Please contact Colliers at 204-943-1600 for more information or download the property flyer.

Attachments & Media

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 9A
Tax ID/APN: 13052782100
Zoning: M - MULTIPLE USE

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Contact

Photograph of Listing Agent

Donald White

Colliers International - Don White
CPIX® Member
Photograph of Listing Agent

Clarise Mare

Colliers International
CPIX® Member
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