Catylist Listing ID: 30827246
Property Subtypes: Office Building
Building Size (RSF): 9,100 SF
Gross Building Area: 13,650 SF
Gross Land Area: 8,512 SF
Sale Price: $2,100,000
Unit Price: $230.77 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class B
Usable Size (USF): 13,650 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/15/2023

Overview / Comments

The building is adjacent to the Woodsworth Building and steps from the Law Courts Bldg.. It is an ideal location for a small to medium size accounting firm, law firm or a small business office. The building has underground parking for 6 cars and a simple car wash and 6 additional energized outside parking stalls. The basement has an employee lounge area, kitchen and a large storage area for business files.

The entire building has a lease agreement in place until December 31, 2023. The tenant (law firm) that occupied both floors has merged with another law firm and is moving to a new location. The second floor has a subtenant that leases on a monthly basis one office area at $2,500 per month; this tenant is expected to stay.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Taxing Authority: Winnipeg
Tax ID/APN: 12-093582000
Zoning: M
Property Visibility: Excellent
Site Description: Located on the corner of Broadway Avenue and Edmonton Street with very high visibility.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 4,550 SF
Year Built: 1936
Year Renovated: 2019
Roof Type: Flat
Construction/Siding: Stucco
Exterior Description: Stucco
Parking Type: Surface, Underground
Parking Description: 5-6 underground parking and 8 onsite parking
Total Parking Spaces: 12
Heat Type: Electricity
Internet Access: Cable
Interior Description: Several offices on both floors and reception desk at main door, with 2 boardrooms on main floor. Basement has a tenant lounge, file storage area and kitchen
Zoning Description: M (Multi Use Sector)
Lot Frontage: 65.2 ft
Lot Depth: 130.55 ft
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: 387 Broadway Ltd.

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Photograph of Listing Agent

David Mollins

Coldwell Banker Preferred R. E.
CPIX® Member
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