Potential Multi-Family Development Site

Vacant Land for Sale
Sale Pending
Also listed as Multi-Family
Catylist Listing ID: 30210317
Property Subtypes: Multi-Family
Status: Pending
Gross Land Area: 36,218 SF
Sale Price: $2,500,000
Unit Price: $69.03 PSF
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/5/2018

Overview / Comments

Development Opportunity for some of the few remaining vacant lots located in “The Downtown Biz” area and the “West Broadway Community” between Broadway and St. Mary Avenue amongst multifamily, retail/office properties and parking lots. Suited for multi-family development the land consists of contiguous lots between 206 and 248 Good Street on the west side of the street. The total site includes 8 separate addresses with a total frontage of 398.0 ft. x 91.0’ depth (36,218 sq. ft.). The Seller is prepared to entertain offers initially only for the lots or combinations of lots beginning at either the South end at 206 Good Street or the North end at 248 Good Street.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 5A
Zoning: R2
Property Located Between: Broadway and St. Mary Avenue
Property Visibility: Good
Legal Description: Lots 28/37, Plan 33124 WLTO, RL 84/85 Parish of St. James
Largest Nearby Street: Broadway
Feet of Frontage: 398
Site Description: Presently mostly vacant land with one older residential home at #230 and parking lot at #236 which will be decommissioned due to City of Wpg not renewing zoning variance
Area Description: West Broadway Community and one block off the intersection of Colony Street and Portage Avenue
Lot Frontage: 398
Lot Depth: 91
Zoning Description: R2 Residential
Topography: Level

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