748 Keewatin Street

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30781840
Property Subtypes: Multi-Family, Office, Retail, Other
Status: Pending
Gross Land Area: 2.15 Acres
Sale Price: $3,750,000
Unit Price: $1,744,186 Per Acre
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 11/24/2022

Overview / Comments

The Offering
CW Stevenson Inc., operating as Cushman & Wakefield | Stevenson (“CWS”), is pleased to offer for sale a 100% freehold interest in 748 Keewatin Street in Winnipeg, MB (the “Property”) on behalf of The Roman Catholic Archiepiscopal Corporation of Winnipeg & The Trustees of the Roman Catholic Parish of St. Peter (the “Vendor”).
The Property, currently improved with a 16,100 sf single-story structure occupied by St. Peter’s Church Roman Catholic Church, represents an excellent,
large-scale infill opportunity for a developer to acquire, re-zone and increase the density of the Property by developing a medium-to-high density multi-family or mixed-use project, adding supply to an underserved node for rental product in Winnipeg. CWS, through this sale process, is pleased to be able to help the Vendor and the Parish of St. Peter achieve their next milestone of developing a new church on the lands they previously acquired on Inkster Boulevard near Route 90.

Large-scale rare infill opportunity with high exposure on a major thoroughfare and transit route
Potential to rezone to RMU or RMF-L to build a medium-to-high density multi-family or mixed-use project commercial/retail
Historically low financing rates and currently available CMHC programs help make potential projects especially viable
Demand for new rental housing lack of new rental housing supply in NW node

Attachments & Media

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Tax ID/APN: 14097504200
Zoning: R1-M

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