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.


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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Photograph of Listing Agent

Monique Polack

RE/MAX One Group CPIX® Member
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