245 Graham Avenue

Vacant Land for Sale
Catylist Listing ID: 30752203
Property Subtypes: Multi-Family, Office
Gross Land Area: 1.12 Acres
Sale Price: $9,750,000
Unit Price: $8,705,357 Per Acre
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 11/15/2021

Overview / Comments

In accordance with the Notice Exercising Power of Sale registered against the Property on October 14th, 2020, Colliers is pleased to offer for sale a premier downtown Winnipeg development opportunity located at 245 Graham Avenue in Winnipeg, Manitoba (the “Property” or the “Site”) at an offering price of $9,750,000.

• Comprising 48,790 square feet (1.12 acres) of land in the heart of downtown Winnipeg along the Graham Avenue Transit Corridor between the prime commercial nodes of Portage and Main and True North Square/the SHED (Sports, Hospitality and Entertainment District), the Site is an excellent long-term location poised to accommodate a premier development of significant scale;

• City of Winnipeg zoning regulations indicate the potential for 585,480 square feet of total density (Floor Area Ratio of 12); therefore, the Site is a prime candidate for multifamily, large floor plate office, mixed use, and/or parking developments; and

• Currently developed with 164 parking stalls, interim monthly contractual and casual parking income provides holding income until development occurs with the ability to terminate the existing parking management agreement upon sale if desired.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Tax ID/APN: 12093215500
Zoning: M

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