505 Academy Road
Office
for Sale
| Catylist Listing ID: |
30736045 |
| Property Subtypes: |
Mixed Use, Office Building
|
| Building Size (RSF): |
8,884 SF
|
| Gross Building Area: |
10,120 SF |
| Gross Land Area: |
14,995 SF
|
| Sale Price: |
$1,990,000 |
| Unit Price: |
$224 PSF |
| Property Use Type: |
Vacant/Owner-User |
| Class of Space: |
Class B |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/27/2023 |
Overview / Comments
|
Located on the corner of Lindsay Street and Academy Road, this religious assembly structure was originally constructed in 1957 with an addition in 1984. The existing layout lends itself to a potential office or multi-family conversion. The building has been very meticulously maintained and extremely well-managed. It has received numerous upgrades in recent years including new basement windows, basement floor and weeping tile installed in 2020, a new hot water tank in 2019 and 4 new furnaces in 2009. There is an excellent power supply of 400 amps. The main chapel has a seating capacity of ~175-200 people and can open up to the gymnasium/auditorium for overflow seating. There are currently multi-user washrooms on the main and upper floors.
|
Additional Details
| Nearest MSA: |
Winnipeg |
| Market: |
Winnipeg |
| Submarket/Township: |
1C |
| Tax ID/APN: |
12060673100 |
| Zoning: |
R1M |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Winnipeg Regional Real Estate Board nor
Moody's assume any liability for errors or omissions.
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