Riverfront Development Opportunity (Price Reduced)

Vacant Land for Sale
Catylist Listing ID: 30269868
Property Subtypes: Multi-Family, Office, Other
Gross Land Area: 7.80 Acres
Sale Price: $3,900,000
Unit Price: $500,000 Per Acre
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 3/18/2020

Overview / Comments

olliers’ National Investment Services in Winnipeg 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 permitting a range of commercial facilities and multi-family development situated only a five minute drive north of Winnipeg’s Central Business District and Portage and Main.

As of February 2020, now offered for sale at a reduced price of $3,900,000 ($11 per SF of gross land area or $17 per SF of assessed land area) with all offers to be considered by the Vendor as received.

Features:

1. Opportunity to acquire a premium riverfront commercial or residential development site with Main Street and Redwood Avenue access.
2. The large footprint and expansive views make the property an appealing offering to a variety of local and national developers, users, and business owners.
3. 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.
4. Situated adjacent to St. John’s Park and Redwood Centre, and only a five minute drive north of Winnipeg’s Central Business District.
5. 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
Zoning: C2 - COMMERCIAL COMMUNITY

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Contact

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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