Catylist ID: #30752203
245 Graham Avenue
Vacant Land for Sale
|Catylist Listing ID:||30752203|
|Property Subtypes:||Multi-Family, Office|
|Gross Land Area:||1.12 Acres|
|Unit Price:||$8,705,357 Per Acre|
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.
Brian TaillieuColliers International CPIX® Member
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