987-989 Portage Avenue

Retail-Commercial for Sale
Catylist Listing ID: 30335196
Property Subtypes: Mixed Use
Building Size (RSF): 5,000 SF
Gross Building Area: See Agent
Gross Land Area: 5,423 SF
Sale Price: $640,000
Unit Price: $128 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 10/15/2018

Overview / Comments

987-989 Portage Avenue is located in the up-and-coming West End neighbourhood and adjacent to the very well-established Wolseley neighbourhood. In addition to the building, a parking lot across the back lane is being offered which provides abundant parking and added rental income from agreements with neighbours. Currently, there are strong existing tenancies and one vacancy making this an ideal owner-user or investor property.

Current Tenants

Tenant Business Name Chaperon Security Inc.
Tenant Notes Provides Security Guard Services for the Following Applications: Universities and Colleges; Hospitals; Private firm and Businesses; Musical Concerts; Public and Private Events; Wedding; Construction Companies; Overnight Site Security; Traffic guards/Flag Person; and much more!
Tenant Business Name Lestac Alarand Ltd.
Tenant Notes The Law Enforcement Security Training Academy of Canada (LESTAC) originally started as an in class training school but saw an opportunity to provide an online service to corporations and individuals alike. LESTAC is considered one of the early adopters of utilizing Online Training.
Tenant Business Name Prana Yoga Studio
Tenant Notes At Prana Yoga Studio we help students awaken the mind-body connection through the practice of yoga poses. The poses are taught in a progression, from simple to more complex, as the student is ready. Through practice of the poses, students will see an increase in their strength, flexibility and stamina within a short period of time. As the body becomes stronger and the mind more able to concentrate, a general sense of well-being is felt and Yoga becomes a support for health and vitality in one’s life.
Tenant Business Name Vacant Unit
SF of Space Occupied 2,500 SF
Tenant Notes Main Floor Level

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 5C
Zoning: C2 – COMMERCIAL COMMUNITY; VRES2 – VACANT RESIDENTIAL 2
Property Located Between: Located on Portage Avenue at Sherburn Street
Property Visibility: Excellent
Largest Nearby Street: Sherburn Street
Feet of Frontage: 49
Traffic/Vehicle Count: 60,500
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1952
Total Parking Spaces: 15
Parking Description: In addition to the building, a parking lot across the back lane is being offered which provides abundant parking and added rental income from agreements with neighbours.

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Contact

Photograph of Listing Agent

Ryan Behie

CBRE Limited
CPIX® Member
Photograph of Listing Agent

Taylor Caldwell

CBRE Limited
CPIX® Member
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