123 Matheson Avenue E

Vacant Land for Sale
Catylist Listing ID: 30821934
Property Subtypes: Multi-Family
Gross Land Area: 132,080 SF
Sale Price: See Agent
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 3/8/2023

Overview / Comments

The Colliers Investment Team is pleased to offer for sale a 100% interest in the Etz Chayim Synagogue at 123 Matheson Avenue East (the “Property”) on an unpriced basis. Situated in the West Kildonan area and a short distance from downtown Winnipeg, the Property is located in a well-established neighbourhood with convenient access to major transportation/retail corridors and bus routes.

Originally built in 1952 and expanded in 1966, the Property features an expansive sanctuary, social hall, and stage area, with an open-concept layout that is ideal to host worship services, larger community gatherings, weddings, or theatrical events. The +/-37,000 square foot building (with basement) also includes a significant number of offices, recreation rooms, meeting rooms, classrooms, washrooms, seating areas, a library, chapel, dining area, commercial-sized kitchen, and formal changing room. The majority of the 3-acre Property is dedicated to green space and surface parking that can accommodate +/-120 vehicles.

Offered concurrently for sale with 123 Matheson Avenue is the vendor’s freehold interest in the neighbouring property at 133 Matheson Avenue. The land is leased to Rosh Pina Housing Co-Op Ltd. (the “Co-op”) for the purposes of operating a 55+ non-profit housing cooperative. The property is professionally managed by Astroid Management and appears to be well maintained with recent capital upgrades to the base building systems.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Tax ID/APN: 14071843300
Zoning: RMF-L

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