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: $2,300,000
Unit Price: $258.89 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/23/2021

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.

Attachments & Media

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 1C
Tax ID/APN: 12060673100
Zoning: R1M

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Contact

Photograph of Listing Agent

Ken Zacharias

CBRE Limited CPIX® Member
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