Catylist ID:
#30848839
Opportunity = Income - Ideal Investment, Turnkey, Immediate Cash Flow
Retail-Commercial
for Sale
Also listed as Office
| Catylist Listing ID: | 30848839 |
| Building Size (RSF): | 1,536 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 3,487 SF |
| Sale Price: | $318,000 |
| Unit Price: | $207.03 PSF |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 10.14% |
| Last Updated: | 9/11/2023 |
Overview / Comments
|
This Opportunity = Income! Ideal Investment, Turnkey, Immediate Cash Flow! A well maintained property with solid tenant. Building 1,536 sf +/- on 1 level plus basement containing mechanicals and storage. Located on 3,487 sf land with 4 parking spaces. Meets all regulations and codes. Property is being sold with existing tenant. The Winnipeg School Division, Off-campus school program, caring centre, and general office. Has a 3 year lease expires December 1, 2024, renewable for a further 3 years on terms satisfactory to both parties. The tenant pays all costs such as utilities, and general maintenance and responsible for all general janitorial clean-up, maintenance. . |
Attachments & Media
Current Tenants
| Tenant Business Name | The Winnipeg School Division |
| Industry Type | Education Services |
| Is Renting? | Yes |
| Annual Revenue | $41,580 (Annual) |
| SF of Space Occupied | 1,536 SF |
| Lease Expiration | 12/0001 |
Additional Details
| Nearest MSA: | Winnipeg |
| Market: | Winnipeg |
| Submarket/Township: | 4A |
| Tax ID/APN: | 14010400000 |
| Zoning: | C2 |
| Property Located Between: | On Selkirk Avenue close to Arlington and McPhillips |
| Property Visibility: | Good |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Year Built: | 1906 |
| Year Renovated: | 2020 |
| Roof Type: | Flat |
| Construction/Siding: | Brick |
| Exterior Description: | Well maintained, good signage, with security rolled down shutters at front of building. |
| Total Parking Spaces: | 4 |
| Parking Type: | Surface |
| Parking Description: | 4 parking spaces available at rear of building. |
| Interior Description: | Reception and office area with class rooms, kitchen, wheelchair access washroom. |
| Zoning Description: | C2 |
| Legal Description: | LBP 28 10 187 36 ST J |
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