Riverfront Development Opportunity - 55 Redwood Avenue

Vacant Land for Sale
Catylist Listing ID: 30269868
Property Subtypes: Multi-Family, Office, Other
Gross Land Area: 7.80 Acres
Sale Price: $4,400,000
Unit Price: $564,102 Per Acre
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 10/15/2019

Overview / Comments

Colliers’ National Investment Services in Winnipeg is pleased to announce that it has been retained to act as the exclusive agent in the sale of 55 Redwood Avenue in Winnipeg, Manitoba. This offering provides the opportunity to acquire 7.8 acres of premium riverfront development land in the neighbourhood of St. John’s Park. The land is “permit and shovel ready” with flexible C2 zoning and situated only a six minute drive north of Winnipeg’s Central Business District.

Offered for sale at a reduced price of $4,400,000 ($13 PSF of gross land area or $19 PSF of assessed land area) with all offers to be considered by the Vendor as received.

Property Features

• Opportunity to acquire a premium riverfront “permit and shovel ready” development site with Redwood Avenue and Main Street easement access and flexible C2 zoning, making it an appealing offering to a variety of both local and national developers;
• Located in the West Kildonan area of Winnipeg, one of Winnipeg’s fastest growing suburban regions, and surrounded by dense residential neighbourhoods and ample value drivers such as schools, commercial amenities, and parks;
• Situated adjacent to St. John’s Park and Redwood Centre, and only a five minute drive north of Winnipeg’s Central Business District; and
• On-going redevelopment of nearby properties is an encouraging neighbourhood trend (e.g. the expansion and revitalization of Holy Family Care Home and the redevelopment master plan for St. John’s Park).

For more information, please contact Colliers at 204-943-1600.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 4D
Tax ID/APN: 14100114400

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Photograph of Listing Agent

Donald White

Colliers International - Don White
CPIX® Member
Photograph of Listing Agent

Clarise Mare

Colliers International
CPIX® Member
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